Disney CEO Josh D'Amaro tells CNBC parks were 'big surprise' in last quarter, company has 'clarity' and 'stability'
New CEO Josh D'Amaro has said his strategy for continued growth at Disney is centered around storytelling, intellectual property and technology.
Disney's parks business was a standout performer in the last quarter, according to CEO Josh D'Amaro, who described it as a "big surprise". This is significant given the challenges faced by the theme park industry due to the pandemic. The resilience of Disney's parks business suggests that the company's diversified portfolio is helping it navigate uncertain times.
D'Amaro's comments also highlight the company's focus on its core strengths: storytelling, intellectual property, and technology. This strategy is likely to be music to the ears of investors, who have been watching Disney's transition under new leadership. With a clear vision in place, Disney is well-positioned to drive growth across its various businesses, from media and entertainment to consumer products and tourism.
Looking ahead, investors will be watching Disney's earnings growth and the execution of D'Amaro's strategy. Key areas to focus on include the performance of Disney+, the company's streaming service, and the recovery of its international parks business. As the media landscape continues to evolve, Disney's ability to leverage its iconic brands and IP will be crucial to its long-term success.
Originally reported by cnbc.com. Trade-News adds analysis for finance & markets readers.