It is Tuesday, February 3rd. It finally happened. I feel like we've been talking about the Disney CEO succession issue, pretty much since Bob Iger came back to run the company in late 2022.

Now it's real. It was supposed to be announced Thursday, but they dropped it today. As expected, Josh DeMorrow, the head of the Experiences Division, that's Parks and Cruises and Games,

he'll take over for Iger on March 18th at the annual shareholder meeting.

And somewhat of a surprise, Iger won't stay on until the end of the year. It's planning to

become a strategic advisor instead, maybe to eliminate some of the

problems that plagued Bob Chaypeg, Iger's previous successor. Felt like he was operating in the shadow

of his old boss. We've talked about DeMorrow a lot on the show. He's a career parks guy who's running

Disneyland before being elevated to overseeing all 14 Disney parks around the world and the

massive cruises business. It's so massive that Disney brought in $10 billion in revenue

from just the experiences division in the last quarter. They're investing $60 billion in the

unit over the next decade expanding to Abu Dhabi, more cruise ships and Avatar Land and Anaheim,

a bunch of stuff. Disney is not expanding its investment similarly in the TV and streaming

business, at least not outside of sports, which I think is why this CEO job did not go to

Dana Walden, the TV chief and a Hollywood favorite candidate, much better known in L.A. than

D'Amorrow, who lives in Orange County.

But interestingly, Dana is staying on at the company as president and chief content officer,

now overseeing film as well as TV and streaming.

Board Chair says they nixed the idea of doing a co-CEO thing.

So why did this arrangement happen? And more importantly,

what does it mean for the future of Disney? Lots of challenges ahead for Josh tomorrow. And we're

going to get into them with Rich Greenfield, the longtime analyst and Disney Watcher. Today, it's a

quasi-emergency pod. It's the new boss at Disney and what it all means for the company and for everyone

...