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Disney Shakes Up Its Operations to Put Focus on Streaming
Posted
October 13, 2020
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October 13, 2020
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0:37Now PlayingWalt Disney Co. is shaking up its operations to refocus on the thriving Disney+ business, redoubling its push to become a global streaming giant like Netflix Inc.
The company is putting its TV networks, film studio and direct-to-consumer divisions inside one big group called Media and Entertainment, Disney said on Monday. Existing content chiefs will continue to oversee their businesses, but they will now be directly able to choose what movies and TV shows air on Disney’s growing lineup of streaming services.
“It’s about streamlining the decision making, looking at it from a 50,000-foot view,” Chief Executive Officer Bob Chapek said in an interview, “as opposed to a movie that’s made in the studio, therefore it goes to the studio, or a television show that’s made at ABC studios, therefore goes on ABC.”
A new star, Kareem Daniel, who previously headed up consumer products within the theme-park division, will now take over distribution for the Disney+, ESPN+ and Hulu streaming services. The move also helps diversify Disney’s mostly White management ranks: Daniel is one of the most prominent Black executives at the Burbank, California-based company.
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