Disney Reorganizes Into Three Segments, Entertainment, ESPN & Parks
deadline.comDisney is reorganizing its sprawling businesses under three core segments — Entertainment, ESPN and Parks, Experiences & Products — as CEO Bob Iger moves to restructure the company.
The move follows his dismantling of DMED, or Disney Media & Entertainment Distribution, set up by previous CEO Bob Chapek, that wrested control over content decisions by the company’s creative executives.
Now we know what the new structure will look like. It’s aimed at returning creative authority to Disney’s “world-class creative team” and its “unparalleled brands and franchises,” he said during a conference call following the company’s first-quarter earnings report.
The reorganization is a key element of a transformation that he said also will help rationalize the streaming business for sustained growth and profitability and reducing expenses in a world of increased competition and global economic challenges.
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