Disney Chairman James Gorman: 'Strategically, there's nothing wrong with this company'

Watch on YouTube ↗  |  February 03, 2026 at 15:22  |  4:47  |  CNBC
Speakers
James Gorman — Chairman of the Board, The Walt Disney Company
Jim Cramer — Host, Mad Money

Summary

Disney Chairman James Gorman discusses the company's CEO succession plan after Josh D'Amaro was named to succeed Bob Iger. Gorman says the board conducted a broad search and that D'Amaro has the strategic and creative capabilities to lead Disney. He also makes a bullish case for Disney, arguing the company is strategically sound, has fixed streaming, is investing heavily in parks and cruises, and trades at an attractive 15x earnings. Gorman frames the next decade as a major shareholder opportunity.

  • Disney named parks boss Josh D'Amaro as its next CEO, succeeding Bob Iger on March 18.
  • Chairman James Gorman says the board ran a broad internal and external CEO search.
  • Gorman argues Disney is strategically sound and has fixed its streaming business.
  • He cites $60 billion of capital investment in parks, rides, and new cruise ships.
  • Gorman highlights Disney's scarce assets and cruise growth potential versus competitors.
  • He says Disney trades at about 15x earnings and calls it a tremendous decade-long opportunity.
Ideas
James Gorman Chairman of the Board, The Walt Disney Company 1:28
Disney is strategically sound and undervalued.
Gorman argues Disney is strategically sound and undervalued despite a decade of flat share performance. He points to the streaming business having been fixed and now profitable, the company leaning into its deep intellectual property, and $60 billion of capital investment in new parks, rides, and cruise ships. He highlights a scarce asset base including seven movie studios, global parks, ESPN, and cruises, plus a large cruise growth runway with only seven ships versus competitors' 100 ships and mid-90% capacity utilization. At about 15 times earnings, he calls the stock a tremendous opportunity for shareholders over the next decade.
DIS HIGH
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This CNBC video, published February 03, 2026, features James Gorman discussing DIS. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: James Gorman  · Tickers: DIS