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?
Disney's new CEO has a big chance to make waves this week, and shareholders are ready to surf.
Overview
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. It's a lot of money, and with Josh D'Amaro stepping up as CEO earlier this year, this should be a very exciting week on that front.
Image source: Disney.
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Originally published at www.fool.com.