Disney Announces Major Reorganization of Entertainment Divisions

With Disney+ in the spotlight, Disney revamps its business around streaming

The entertainment giant tapped longtime company executive Kareem Daniel to lead the Media and Entertainment group, which will manage operations of the streaming services and manage for profit and loss across content creation, including for movie productions, television shows and sports programming.

Disney announced today that it's restructuring its media and entertainment businesses to focus on its streaming services - one area that's now thriving as other parts of the Walt Disney Company grapple with the effects of the coronavirus pandemic. "The new organizational structure, with content creation distinct from distribution, will enable us to be more effective and nimble in creating what consumers want most, and delivering it in the way they prefer to consume it", wrote Bob Chapek, Disney's chief executive officer, in an internal memo announcing the reorganization, seen by TechCrunch.

His purview will include distribution, operations, sales, advertising, data and technology for all of Disney's content engines, as well as managing operations of Disney's streaming services and the company's domestic television networks.

The company says its exceeded its own targets by drawing more than 100 million customers worldwide to Disney+, which was launched last November, as well as Hulu and ESPN. It will work closely with the content teams for programming, as well as marketing.

The news came from The Wrap as Bob Chapek announced a massive restructuring of the Walt Disney Company to put streaming at the center of everything they do. That's emphasised by the fact Disney has made a decision to shift its focus, no longer making films with the assumption they will receive a theatrical release; instead, they will go wherever the studio decides is the best fit for them. Covid-19 dealt a big blow to Disney's tourism-related businesses, prompting the company to slash 28,000 jobs at its theme-park, cruise-line and retail operations.

Apple outs $99 HomePod Mini with big sound and Siri smarts
If you're a big Apple user, obviously Siri will be preferable, while Google Assistant is on every recent Android smartphone. With Apple's custom U1 ultra-wideband chip inside, the HomePod mini also can serve as an advanced hub for home automation.

"Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies", said Mr. Chapek. Comcast Corp.'s NBCUniversal has restructured much of its content business with this goal in mind and AT&T's WarnerMedia is also centralizing its creative operations.

Disney is shaking up its content and streaming teams to focus more on Disney Plus, it said Monday. He added that as the company looks to grow its direct-to-consumer businesses, "delivering and monetizing our great content in the most optimal way possible" will be of critical importance.

The company will rearrange its media and entertainment divisions into a single organization responsible for content distribution, ad sales, and Disney Plus. Campbell will report directly to Chapek on all matters related to global operations but will report to Daniel when it comes to Disney, Hulu and ESPN. The investor has also called for Disney to redirect its dividend money toward streaming, but the company already suspended the payout in July and hasn't committed to future ones.

All the changes will go fully into effect during the first fiscal quarter of 2021, Disney said. Daniel has served at Disney for 14 years in a number of roles including president of Walt Disney Imagineering Operations.

Related News:

Most liked

IPhone 12 launch event
They also support Apple's new MagSafe wireless chargers and ‌iPhone‌ cases, as well as accessories like the magnetic card wallet. Apple says that the AT&T and Verizon models are cheaper because of "special offers" from those carriers.

Two And A Half Men Star Conchata Ferrell Has Died, Aged 77
Several people have expressed their emotions after Ferrell's death, including her Two and a Half Men costar Charlie Sheen . A rep for Warner Bros Television confirmed the news to Variety , as well as sharing the news with fans on Twitter .

Jamesville Elementary School student tests positive for coronavirus
According to the notification, the school district learned Saturday that a staff member had tested positive for COVID-19. At one point, Notre Dame High School had seven students with COVID-19 but now only has one, according to the website.

International Monetary Fund downgrades forecast for N. Macedonia's 2020 GDP decline to 5.4%
The global economy is now in a phase of recovery from its collapse earlier in the year, Gopinath said. The uncertainty surrounding the baseline projection is unusually large.

Images of all four Apple iPhone 12 models leak, show all colors
The technology giant's flagship product is widely expected to include support for 5G connectivity for the first time. If these leaks are accurate, though, the iPhone 12 won't be the only headlining product.

Tampa Bay Rays vs Houston Astros- Game 3 Odds, Pick & Prediction
The Astros' offense exploded during the series against Oakland, scoring 33 runs and hitting for a.345 average. They haven't really struggled hitting the ball this series, but they've left way too many men on base.

International Monetary Fund sees slower rebound in SA's economy next year
Many aid groups are pressing for rich nations to go further and forgive part of the debt rather than just halt repayments. The US economy is projected to contract by 4.3 percent this year, before growing 3.1 percent next year.

India records lowest single-day tally since middle of August
There are 8,83,185 active cases of infection in the country which make 12.65 percent of the total caseload, the data stated. India on Sunday conducted 994,851 coronavirus tests, and had a test positivity rate of 6 .7%.

Falcon 9 Glitch Pushes Crew Dragon ISS Mission to November
When Behnken and Hurley returned from a two month stay on the ISS (pictured), NASA began moving forward with its plans for Crew 1. During the briefing conducted for the launch mission, NASA and SpaceX representatives expressed their confidence in Crew Dragon.

Appeals court grants stay to Texas AG in mail-in ballot case
The state hasn't responded, but Texas Attorney General Ken Paxton is expected to appeal the ruling. An election worker accepts a mail-in ballot from a voter at a Houston drop-off site on Wednesday.

Best Deals From Walmart's Big Save Event
In 2020 alone, Apple added three new iPad models: the 12.9-inch iPad Pro , 10.9-inch iPad Air , and the 8th Gen iPad (10.2-inch). From big-ticket items to everyday essentials and groceries, thousands of items go on sale during Amazon's 48-hour Prime Day sale.

Australia seeks clarity on China coal move
China, the top export market for Australian wine, launches anti-dumping and anti-subsidy probes on some Australian wines. In the premium mid-volatility hard coking coal sector, prices are more resilient due to strong demand from India.

Seven Valley COVID-19 deaths, over 2,200 state cases
India saw a steep rise in cases in July and added more than 2 million in August and another 3 million in September. That brings the total number of confirmed cases in the county to 4,426; the death count remains at 190.

Man Escapes Cougar: 'Dude, I Don't Feel Like Dying Today'
The video, which is more than five minutes long, sees the cougar walk the man away from its cubs. She let him know very well that you need to get out of here, and he did that, ' he said.

IPL 2020 - MI vs DC: Match preview, Fantasy XI team, and prediction
RR got off to yet another horror start in the powerplay, with Ben Stokes' surprise promotion to an opening slot not going to plan. Chasing the target, CSK suffered a top-order batting failure as they have often in this season.