ORLANDO, Fla. — The Walt Disney Company announced Wednesday that it would change its various businesses.
According to a press release, the company said it would have a “strategic restructuring” of its organization to increase accountability and creativity.
>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<
Disney will now be divided into three business areas: Disney Entertainment, ESPN and Disney Parks, Experiences and Products.
The company said this would help collaboration and control of financial responsibility within marketing, technology, sales and distribution.
Read: Disney World does not plan to fight changes to Reedy Creek, president says
“For nearly 100 years, storytelling and creativity have fueled The Walt Disney Company, with virtually every interaction we have with our consumers emanating from something creative,” said Bob Iger, CEO of The Walt Disney Company. “I am committed to positioning this company for a new era of growth.”
Iger said this restructuring would also ensure the quality of content.
The ESPN segment would include ESPN Networks, ESPN+ and all sports content, products, events and experiences. Jimmy Pitaro will lead this division across domestic and international platforms.
Read: Disney eliminating 7,000 jobs in cost-cutting measure
Disney said its streaming business, Disney+, is still a top priority with the organizational change.
Disney Parks, Experiences and Products, which includes theme parks, resort destinations and cruise lines, will continue under the same leadership.
Alan Bergman and Dana Walden would be co-chairs for Disney Entertainment.
Read: Walt Disney World brings back two character attractions
Bergman will oversee the following brands:
- Disney Live Action
- Walt Disney Animation Studios
- Pixar Animation Studios
- Marvel Studios
- Lucasfilm
- 20th Century Studios
- Searchlight Pictures
- Disney Music Group
- Disney Theatrical Group
0 of 9
Read: These nighttime spectaculars will soon return to Walt Disney World
Walden will be responsible for the following content:
- ABC Entertainment
- ABC News
- ABC Owned Televisions Stations
- Disney Branded Television
- Disney Television Studios
- Freeform
- FX
- Hulu Originals
- National Geographic Content
- Onyx Collective
The company said these changes would take effect immediately.
Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.
©2023 Cox Media Group
