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00:02Disney named Josh Damero as CEO, succeeding Bob Iger during the company's annual shareholder
00:07meeting on Wednesday, according to CNBC. Damero previously led Disney Experiences,
00:13which includes theme parks, resorts, cruises, and consumer products. He takes over after a
00:18period of uncertainty marked by a succession process and company reorganization, with shares
00:23down more than 10% year-to-date. Disney's recent earnings were driven by theme parks and streaming,
00:28which remain key focus areas. Damero highlighted Disney Plus as the company's digital centerpiece
00:34and pointed to the planned Hulu combination later this year. He also emphasized international growth
00:40and new content releases. Iger will remain a senior advisor and board member until he retires from
00:45the company on December 31st. For all things money, visit Benzinga.com.
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