Disney Finally Spilled the Beans on ESPN. But Here's the Real Reason to Buy the Stock.
Disney (NYSE: DIS) is a complex business, ranging from broadcast and cable entertainment to streaming, sports, and theme parks and experiences.
Part of that complexity is figuring out the right way to structure the business in order for it to perform as best as possible and so that each division can be held accountable by management and investors. Disney announced a strategic restructuring back in February, its second in just a few years, designed to "restore accountability to the creative businesses."
The entertainment giant just took a significant step down that path, restating the results of the business according to its three new segments: entertainment, sports, and experiences.
Source Fool.com
