Josh D'Amaro, the head of Disney's amusement park business, was named the new chief executive of the company, BBC Business reported. D'Amaro, a 28-year veteran of Disney, will replace current CEO Bob Iger, and is scheduled to begin his new role on March 18, according to BBC Business.
The decision to appoint D'Amaro ends a succession puzzle for the entertainment giant, which Iger has led for roughly two decades, except for a brief interlude that ended in 2022 when the board ousted his successor and asked Iger to return, BBC Business reported. Disney turned to the leader of the part of its business that has delivered the most reliable profits in recent years, as the company works to find its way in the world of streaming, according to BBC Business.
In other business news, Netflix and Warner Bros. Discovery faced scrutiny from the US Senate antitrust subcommittee regarding their proposed $82 billion merger, BBC Technology and BBC Business reported. During a hearing on Tuesday, members of the subcommittee, including both Democrats and Republicans, raised concerns about reduced competition, potential price rises, and the future of cinemas if the merger proceeds, according to BBC Technology and BBC Business. The Department of Justice (DoJ) is currently reviewing the deal, BBC Technology and BBC Business reported.
Meanwhile, in the sports world, the Los Angeles Clippers are reportedly trading veteran guard James Harden to the Cleveland Cavaliers, according to ESPN, as reported by Fox News. In return, the Clippers will receive Darius Garland and a second-round pick, Fox News reported. Harden, 36, is averaging 25.4 points, 4.8 rebounds, and 8.1 assists this season, according to Fox News.
In other news, a 15-foot-tall golden statue of former President Trump, dubbed "Don Colossus," is awaiting its home, The New York Times reported. The statue, mounted on a 7,000-pound pedestal, is made of bronze and finished with a thick layer of gold leaf, according to The New York Times. A group of cryptocurrency investors paid $300,000 to have a sculptor create it as a tribute to Mr. Trump, an outspoken crypto proponent, The New York Times reported. They then used it to promote a memecoin called PATRIOT, according to The New York Times.
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