Disney to Pay $2.75M Privacy Fine and Install New CEO Josh D’Amaro
Disney will pay a $2.75 million civil penalty after settling CCPA violations and must implement company-wide opt-out mechanisms to halt data sales and sharing. The board elected Josh D’Amaro as CEO effective March 18 with Dana Walden as president and chief creative officer, while analysts set price targets of $130 and $135.
1. California CCPA Settlement
On February 13, Disney agreed to a $2.75 million settlement with the California Attorney General over alleged violations of the California Consumer Privacy Act. Under the agreement, Disney must implement global opt-out features that fully stop the sale or sharing of consumer data across all devices and streaming services tied to Disney accounts.
2. Leadership Transition at Disney
The Disney board unanimously elected Disney Experiences chairman Josh D’Amaro as CEO effective March 18 and named Dana Walden president and chief creative officer on the same date. Outgoing CEO Robert Iger will remain as a senior adviser and board member until his retirement on December 31.
3. Analyst Ratings and Price Targets
Rosenblatt analyst Barton Crockett lowered his Disney price target to $130 from $139 while maintaining a Buy rating, citing uninspiring management commentary despite double-digit EPS guidance. Morgan Stanley resumed coverage with an Overweight rating and a $135 target, highlighting healthy core streaming and parks trends and potential acceleration in the second half of fiscal 2026.