"What is the next opportunity to drive real revenue growth? Open question."

Probably going to be AI-generated content and new digital experiences throughout the Disney-verse, based on the characters and worlds they have now and can develop. The economics of that are still getting sorted out but they have few rivals if they get their act together. Persumeably Walden will leave, and someone new will come in to fix streaming and digital content distribution. Parks and Experiences will continue to thrive for the next few years because they are exceptionally well-run and provide human contact, so D'Amaro makes sense as the new CEO. Also in the physical (non-digital) realm, real estate development is an old area with a new twist, and they may grow that. StoryLiving, Golden Oak, etc. I don't know how they are doing, but I am watching. thewaltdisneycompany.com - Disney launches new business to develop residential communities

My guess is that DIS' physical and digital properties will begin to converge under a new CEO and generational change. Looking hard at coming back in, but not there yet.

abromber