Alan Bergman and Dana Walden will co-chair the Disney Entertainment division, with Jimmy Pitaro continuing to lead ESPN, and Josh D’Amaro continuing to lead parks and experiences.
On Disney’s earnings call, Iger likened the changes he will pursue as akin to the ones he made in 2005 when he first became CEO, and in 2016, when Disney announced a shift to streaming, looking to Fox’s entertainment assets to bolster its business, touting Fox’s library and management team as key assets.
“Our new structure is aimed at returning greater authority to our creative leaders and making them accountable for how their content performs financially,” Iger said. “Our former structure severed that link and must be restored. Moving forward, our creative teams will determine what content we’re making, how it is distributed and monetized and how it gets marketed.”
Disney plans to cut 7,000 jobs as part of its restructuring, which would represent a bit more than 3 percent of the company’s global workforce. However, with theme park employees making up a significant portion of Disney employees , the cuts are likely to be steeper in the entertainment and ESPN divisions.
Disney CFO Christine McCarthy also said that the company is targeting $5.5 billion in cost savings, including $3 billion related to future content savings, with the remaining $2.5 billion from other costs like marketing, staffing or technology.
Seems to me that Karey Burke is a total failure as a mother when she can't raise her 2 children to grow up as normal adults with neither one being able to identify with their true biological gender. Only screwed up parents over influencing their children can produce this result
They want to walk away from family values, and this is what they deserve.👍👍👍👍👍👍👍
Until you get back to Walt's dream the company will continue to lose money. STOP THIS WOKE GARBAGE.
It's not the bloated overhead that's the problem, it's the attempt to weave a social message into everything you do instead of just trying to entertain. Leave the politics and social engineering out of your business bringbackdisney
Would probably be best to just sell off the company in bits and pieces to people who wish to tell stories or entertain instead of promoting an agenda of brokenness to children.
Bob Iger started Disney down the road to hell. I hope the whole company goes under.
Few more woke films and disney won't be able to print a comic book!!!
Hey Iger, Before its over you will lay off another 25,000 woke dopes, who try to brainwash little kids !!! You should be taking a cut in pay yourself. Walt Disney is turning in his grave !!!!!
As we all have been saying “Go WOKE go BROKE”it’s too bad these corporations have to be beaten, about the head like this. BUT if you don’t fear God, then you’ll have to fear financial ruin instead 😮🤣 (my 10 grandchildren will NOT be going to Disney Land again)
Get woke, go br...
I canceled DisneyPlus when it canceled ginacarano.
When will there be a time when mass employees of a company can fire their ill-mannered-ceo?!
who cares let it die .
Peddling pedophilia comes with a price.
YAPPP !! Go woke and go BROKE HOPE THAT THEY FOLD UP LIKE WET CARDBOARD. 🌈🌈🌈🌈🌈🌈🌈🤮🤮🤮🤮🤮🤮☠️☠️☠️🇺🇸🇺🇸🇺🇸👍👍
Hey RobertIger: Getting rid of all political officers / commissars would be a really good start, not just for the money wasted on them, but would allow you to return to making stuff people want to see.
Dark Bob not fucking around