Disney names Josh D'Amaro as new chief executive

Disney has named Josh D'Amaro as its new chief executive, replacing longtime boss Bob Iger. The announcement was made on [date] at Disney's headquarters in Burbank, California. D'Amaro, who currently heads Disney's amusement park business, will take over the reins effective immediately. The decision comes as Disney seeks to navigate a rapidly changing media landscape and refocus its strategic direction. Iger, who has been at the helm of Disney for over a decade, will transition to a new role as a special advisor to the company's board of directors. D'Amaro's appointment is seen as a strategic move to leverage his extensive experience in the theme park division, which has been a significant revenue driver for Disney. The company aims to integrate this expertise into its broader media and entertainment strategy. Industry analysts have noted that D'Amaro's leadership could bring a fresh perspective to Disney's content creation and distribution models, particularly in the face of increasing competition from streaming services and other digital platforms.