According to The Wall Street Journal, Disney's board of directors is slated to vote on a new CEO next week. This comes as current CEO Bob Iger plans to step down before his contract ends in December. Iger has reportedly signaled his readiness to leave the daily management of the entertainment giant. The move follows recent internal conflicts and a desire to give his successor a fresh start.

Iger's departure and the board's vote mark a pivotal moment for Disney. The company is navigating a rapidly changing media environment, including streaming wars and shifts in consumer behavior. The choice of a new leader will shape Disney's strategy for years to come. The board, led by James Gorman, is keeping the selection process under wraps.

The race for the top job appears to have narrowed to two internal candidates: Josh D’Amaro and Dana Walden. Prediction markets favor D’Amaro with an 86% chance of being selected. Iger is expected to stay on for several months after the announcement to ensure a smooth transition. Investors are watching closely to see how this impacts Disney’s future.

This leadership change occurs amid a complex business environment. Disney faces challenges in its streaming services, theme parks, and film divisions. The new CEO will need to steer the company through these hurdles while adapting to evolving consumer trends. The upcoming decision will have major implications for the company's direction and shareholder value.