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Disney names Josh D’Amaro as its new CEO

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Disney names Josh D’Amaro as its new CEO

New Disney CEO Josh D’Amaro.

Ricardo Moreira/Getty Images for Disney

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Ricardo Moreira/Getty Images for Disney

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The Walt Disney Company is getting a new CEO. Tuesday morning, the company’s board of directors announced that Josh D’Amaro will replace Bob Iger, who’s been at the helm for nearly two decades.

D’Amaro is a businessman who’s been with the company for 28 years. He’s been the chairman of Disney Experiences around the world: cruise ships, resorts and theme parks, including an upcoming one in Abu Dhabi.

Disney’s corporate website calls D’Amaro, 54, the “architect of the largest global expansion in the history of Disney Experiences,” to the tune of $36 billion.

D’Amaro is set to take Bob Iger’s place in March.

In September, Iger took some heat after Disney-owned network ABC temporarily suspended late-night host Jimmy Kimmel following his on-air comments on the suspect in the killing of conservative activist Charlie Kirk.

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This is not the first time Iger has stepped down. He led Disney from 2005 to 2020, just before the COVID-19 pandemic. He remained creative chairman but was replaced by Bob Chapek, with whom he clashed.

The board asked Iger to return in 2022, when Disney was losing $1 billion every quarter. Iger was credited with turning the company back around. He restructured Disney, put into place $5.5 billion of cost cuts, and laid off employees.

In a statement, Iger said he was thrilled for D’Amaro, calling him “the right person to become our next CEO.”

“When I came back three years ago, I had a tremendous amount that needed fixing. But anyone who runs a company also knows that it can’t just be about fixing, it has to be about preparing a company for its future,” Iger told investors on the year’s first quarterly earnings call. “I also believe that … in the world that changes as much as it does that in some form or another, the status quo is a mistake. And I’m certain that my successor will not do that.”

Iger will stay on as a senior adviser and board member, but will retire at the end of the year.

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D’Amaro will be tasked with steering the world’s biggest media company, including Disney movies, 20th Century Studios, Marvel Studios, Lucasfilm, Pixar, ABC, FX and Hulu, theme parks and all those Disney experiences.

As CEO, he’ll also work with a new licensing deal with OpenAI’s artificial intelligence platform Sora.

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Why Gen Z is movie-maxxing : Pop Culture Happy Hour

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Why Gen Z is movie-maxxing : Pop Culture Happy Hour

Inde Navarrette and Michael Johnston in Obsession.

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Focus Features

Two big horror films, Obsession and Backrooms, just smashed all box office expectations. So much of their success has been driven by Gen Z, which is now the biggest moviegoing demographic. But what makes a movie a Gen Z movie? Today we’re bringing you an episode of NPR’s It’s Been a Minute. Host Brittany Luse talks about this trend with Sam Adams and Reanna Cruz. 

If you want to hear more about these movies, check out these episodes: 

In ‘Obsession,’ love hurts. It really, really, really hurts.

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‘Backrooms’ brings YouTube horror to the big screen

Zendaya brings ‘The Drama,’ we bring the spoilers

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10 new books you won’t want to miss in July

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10 new books you won’t want to miss in July

I regret to inform you I’ll need to keep this introduction brief. Not because there’s any lack of things to say about July’s crop of notable new releases; it features award-winning journalists and several different flavors of anxiety about our bleak ecological future and data-dominated present, as well as the welcome returns of several beloved novelists.

No, these books certainly deserve some love, dear readers. It’s just that I’m finding it a bit tough to type while bearhugging a box fan. And since it seems that may be my last best chance to get through this latest U.S. heat wave here on the east coast without sweating through my shirt, I feel some urgency to get back at it.

So enough with the ado. With any luck, you’ll soon be cracking open one of these great reads on the beach — or in front of a decent air-conditioning unit, at any rate.

You Won’t Get Free of It: Stories of Mothers and Daughters, by Rachel Aviv

You Won’t Get Free of It: Stories of Mothers and Daughters, by Rachel Aviv (July 7)

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Aviv, New Yorker staff writer and finalist for this year’s Pulitzer Prize, has a fairly extensive purview in her role as reporter at large. Still, when reviewing her latest work, Aviv noticed a crucial throughline: “I realized that, to some degree, I’d been writing about mother-daughter pairs for the last decade,” she explained to the Paris Review. Seeing this, she decided to collect and revise half a dozen of those stories, which cover ground from a daughter’s troubling fugue states to the immigrant nannies who must leave their own children behind, to Alice Munro’s daughter, whose claims of sexual abuse went unheeded yet regularly resurfaced in her mother’s fiction.

Country People, by Daniel Mason

Country People, by Daniel Mason (July 7)

In Mason’s first novel since North Woods, 2023’s critical darling and book club stalwart, readers are plopped right back in the New England woods but the time scale has shrunk considerably. Whereas North Woods spanned centuries, his new novel confines itself to a single year, during which Miles, loving family man and lackadaisical Ph.D. candidate, plans to finally buckle down on that derelict degree of his and reassert his worth to one and all! At least, that’s the idea. But plans don’t stand much of a chance when there are eccentric neighbors to befriend and mysterious local legends to investigate.

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Jessica McCormack: How a Challenger Is Seizing the Jewellery Opportunity

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Jessica McCormack: How a Challenger Is Seizing the Jewellery Opportunity
The London-based independent jewellery label, which sells high-end pieces for everyday wear, has boosted sales by leveraging jewellery as a means of self expression. Chief executive Leonie Brantberg details in our latest report ‘Face to Face With Luxury Clients’ the brand’s strategy and expansion plans.
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