Disney announces that Bob Chapek, a 27-year Disney veteran who led the company’s massively important parks and consumer products business, would succeed Iger. Chapek, 60, was one of several top Disney executives who were potential successors,

The entertainment company warned that declining international tourism is weighing on its U.S. theme parks.

Walt Disney Co. saw record quarterly revenue for its theme parks division, but its Fubo deal and YouTube carriage dispute dragged down total segment operating income.

Walt Disney Co. missed expectations on net profit but came in slightly ahead on adjusted earnings per share and revenue.

Disney's streaming services reeled in record profits last quarter as the Mouse House increased prices.

Per-share quarterly profit declined 7 percent from a year earlier, with difficulties in movies and TV offsetting robust Disney+ and theme park results.

Disney shares have fallen 7% this week after the company reported fiscal first-quarter earnings and announced that parks boss Josh D'Amaro will succeed CEO Bob Iger. The media giant on Monday said its experiences division,

Disney CEO Bob Iger touted the company's growth in its last three years as the company prepares to announce his successor.