Disney Reorganizes Content and Distribution Units to Bolster Streaming Businesses

Company announced a broad structural reorganization of its media and entertainment businesses Monday, in a move to ramp up and streamline its direct-to-consumer strategy. That involves the creation of the new Media and Entertainment Distribution group, which will oversee all content monetization and streaming operations. Kareem Daniel, most recently president of consumer products, games and publishing at Disney, will lead the unit.

“Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our Company to more effectively support our growth strategy and increase shareholder value,” said CEO Bob Chapek in a statement. “Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it.

The studios division will lead creation of branded theatrical and episodic content based on Disney’s franchises, and oversee creation at Walt Disney Studios, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios and Searchlight Pictures.

Daniel, who has been at Disney for 14 years, has a history of leadership roles across the company. Outside of consumer products, games and publishing, he has also spent time in studio distribution and Walt Disney Imagineering — prior to his most recent role, Daniel served as president of Walt Disney Imagineering operations, production creation, publishing and games.

Stocks going ⬆️⬆️

So, does this mean that Disney is leaving the movie exhibition industry or are they following Universal's footsteps on releasing their films under the shortened theatrical window then onto VOD and/or Disney+?

Was Avengers Endgame the last big Hollywood movie ever? Sad lol

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney says its ‘primary focus’ for entertainment is streaming — announces a major reorgDisney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company's business. Trump’s War on Entertainment is giving America cardboard cutouts for fans. But what about an R2D2 MOVIE? Smart
Source: CNBC - 🏆 12. / 72 Read more »

Walt Disney Co. reshuffles media and entertainment industries to focus on streaming, direct-to-consumer offeringsThe reshuffling is a sign of the growing success of the company's Disney+ subscription service — and, perhaps, the declining power of theatrical distribution during the coronavirus pandemic. Covid .... things will get back to normal ... hopefully by this time next year we will have very low active infections and be able to track infections when they occur Love them a lot.
Source: USATODAY - 🏆 100. / 63 Read more »

Walt Disney restructures entertainment businesses to boost streamingWalt Disney Co said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing. They caved to activist pressure after 4 days? Wow! I've regretted my year subscription so far. 😒 oh yes. they killed the star wars. even mando can't save them.
Source: Reuters - 🏆 2. / 97 Read more »