Disney Gets a New CEO as the Company Eyes a $60 Billion Future

Disney is getting new leadership. Josh D'Amaro officially takes over as CEO on Wednesday, stepping into one of the most high-profile jobs in entertainment as the company pushes forward with a $60 billion investment into its parks and plans to double its cruise ship fleet within the next five years.

D'Amaro is an insider. He spent the past six years running Disney's most profitable divisions, including its theme parks, cruises, and consumer products, making him a natural fit for an era defined by major physical expansion. The question now is whether he can turn that operational track record into gains for investors.

Disney stock has fallen nearly 50% over the past five years, and shareholders will be watching closely to see whether D'Amaro's promotion signals a real turnaround or more of the same.