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entertainment8h ago
Bob Iger, as He Readies Exit as Disney CEO, Says There’s ‘Healthy Competition’ Between Parks and Entertainment Divisions to Be No. 1 Profit Center
Variety.com and 1 more
- Bob Iger notes a healthy rivalry between Disney's Parks and Entertainment divisions driving profitability, with both units positioned to compete as top profit engines.
- Iger expresses confidence in continued growth for both Parks & Experiences and Disney’s Entertainment units, supported by ongoing investments and momentum.
- Disney’s board is positioned to pick Iger’s successor midweek, with internal candidates like Josh D’Amaro prominent in leadership discussions.
- Josh D’Amaro, head of Parks and Experiences, is viewed as a leading internal candidate to become Disney’s next CEO, reflecting park-centric leadership in the succession talk.
- Disney’s latest quarter shows parks reaching new revenue milestones while entertainment profitability improves, underlining a split-path growth model.
- Iger publicly framed the parks-entertainment rivalry as a driver of profitability, a theme Deadline echoed during investor discussions.
- Iger underscores the value of leveraging IP from Pixar, Marvel, Lucasfilm, and Fox to accelerate park growth and capital investment.
- Parks & Experiences drove a substantial portion of Disney's Q1 revenue and profits, signaling the business’s critical role in the company’s results.
- Investors are watching leadership succession as Disney maintains a diversified growth plan, with emphasis on internal candidates like D’Amaro.
- Iger’s remarks on avoiding nostalgia and pushing for proactive transformation hint at a strategic approach his successor should continue, particularly in streaming and operations.
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