Bob Iger Built Disney for Hollywood.
Josh D’Amaro Is Building It for Main Street
Does D’Amaro’s Vision Makes Disney a Buy Down 49% From Its All-Time High? Many consumer tech companies are spending billions, tens of billions, and — in a handful of cases — hundreds of billions on artificial intelligence (AI) this year. Disney (NYSE: DIS) isn’t afraid of cutting big checks to bankroll its future, but AI isn’t the top priority.
It’s been two years since Disney stunned the market by committing to $60 billion in capital expenditures for its experiences business, led by its theme parks and cruise line. Sure, this will be spread out over 10 years. It’s still a substantial wager on a very important segment for the House of Mouse.