Walt Disney Reorganizes With a Greater Focus on Streaming Media
Entertainment powerhouse Walt Disney (NYSE: DIS) will soon look a bit different from an investor's perspective. The company just announced a sweeping reorganization of its media and entertainment operations, focusing Disney's considerable assets more directly on streaming media platforms such as Disney+, Hulu, and ESPN+.
The new structure takes effect immediately. It will be reflected in Disney's first-quarter report in early February 2021. November's fourth-quarter report will be the last quarterly update to feature Disney's traditional structure.
Kareem Daniel will lead the newly formed media and entertainment distribution group. This division will manage Disney's content distribution and commercialization efforts on a global level with Disney's various media-streaming services at the vanguard. Daniel recently served as the president of Disney's consumer products, games, and publishing.
Source Fool.com
