Disney parks are its top money maker; it’s spending to keep it that way
It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened.His confidence was well founded. D'Amaro's division is now Disney's best-performing segment, rebounding and offering stability in recent quarters as Disney shuffles to adapt its entertainment business to match consumer habits that changed after the pandemic.On that quiet day in 2021, D'Amaro had been in charge of the parks, experiences and consumer products division, now just called experiences, for only a little more than a year. He took the helm when Bob Chapek was tapped as CEO in early 2020. D'Amaro spent much of those 12 months dealing with substantial operating losses...