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Disney+ Exec Departs, But Jim Cramer Is More Worried About Theme Parks

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TikTok just got a new CEO.

Kevin Mayer, who led Disney's direct-to-consumer (DTC) and international segment, announced his departure from Disney on Monday afternoon.

As head of Disney's DTC and international business, Mayer oversaw the launches of ESPN+, Disney+ and the integration of Hulu. The three services were restructured under one business unit starting in 2018.

In addition to his role as TikTok CEO, Mayer will serve as COO of ByteDance, TikTok's parent company.

And, in case you missed it, Jim Cramer talked about TikTok on Street Lightning last week.

Jim Cramer said, "You gotta get some TikTok. It's the hottest company on earth."

In a press release, Disney said that Rebecca Campbell, a Disney veteran who previously was president of Disneyland Resort, will take over Mayer's post. Josh D’Amaro was also named chairman of Disney Parks, Experiences and Products, a post formerly held by Disney's CEO Bob Chapek.

Jim Cramer said he's still far more worried about Disney theme parks. Catch why in the video above.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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