Markets

Disney re-organizing several businesses under two senior execs

Disney re-organizing several businesses under two senior execs

Walt Disney Co (DIS.N) said on Wednesday it had created a new unit for its streaming video and worldwide businesses as the company retools its traditional media operation for a world rapidly embracing online video.

Photo Disney promoted two executives: Kevin Mayer, left, will head a new division that includes TV and streaming services; and Robert Chapek will oversee theme parks, consumer products, video games and other units.

The company has now created a direct-to-consumer and global segment, and merged consumer products with its parks segment. Now Bob Iger and Walt Disney's management team have announced a strategic reorganization across many units to get ready for the next decade. That segment will include the new upcoming Disney-branded streaming service and the ESPN+ streaming service. Also, Bob Chapek was named Chairman of the Parks, Experiences and Consumer Products segment. The company plans to launch its ESPN direct-to-consumer offering, the company's first, later this year.




The reorganization also created a direct-to-consumer and global division, a media networks division and a studio entertainment segment. Disney maintains that this venue will become the exclusive home for subscription video-on-demand of the newest live-action and animated movies in the Pay TV window from Disney, Pixar, Marvel and Lucasfilm. Also, Disney's program-sales operations headed by Janice Marinelli-including global distribution of film and television content to the Disney-branded direct-to-consumer streaming service, Hulu and other third-party platforms and channels, as well as Movies Anywhere-will be integrated into the new segment.

Disney's streaming tech company BAMTech will now house all consumer-facing digital technology and products as part of the new D2C segment.

Shares rose 0.4% to $104.10 during afternoon trading.


  • Conte warns his players Barca will dominate possession

    Conte warns his players Barca will dominate possession

    Conte said: "You must be excited to play this kind of game at the Nou Camp". We have to improve and, when you lose, you have to train and get better.
    Sarah Drew From 'Grey's Anatomy' to 'Cagney & Lacey'

    Sarah Drew From 'Grey's Anatomy' to 'Cagney & Lacey'

    Drew will star as the laidback Cagney, while " Blindspot " alum Michelle Hurd has been cast as her veteran partner. The series captured multiple Emmys ― including for best drama and for Daly and Gless in the best actress category.
    Woman gives birth in the Red Sea in incredible photos

    Woman gives birth in the Red Sea in incredible photos

    Water births are preferred by many parents as it reduces the stress felt by the baby and mother when compared to normal births. According to the Daily Mail on Tuesday, the woman and the newborn appeared to be "happy and healthy" after the water birth.
  • Stock On the Run: Express Scripts Holding Company (NASDAQ:ESRX)

    Stock On the Run: Express Scripts Holding Company (NASDAQ:ESRX)

    Sumitomo Mitsui Inc holds 0.17% of its portfolio in Express Scripts Holding Company (NASDAQ: ESRX ) for 1.95 million shares. Bernstein raised Express Scripts from an "underperform" rating to a "market perform" rating in a research report on Monday.
    Shane McMahon Taking Indefinite Leave of Absence as WWE SmackDown Commissioner

    Shane McMahon Taking Indefinite Leave of Absence as WWE SmackDown Commissioner

    The duo went on to drag Shane backstage, where he was powerbombed onto a metal rack, resulting in trapezius and rhomboid strains. As it stands, Owens and Zayn are slated to face off at WrestleMania, but all indicators point to that match being altered.
    Jaguars to sign Niles Paul

    Jaguars to sign Niles Paul

    Norwell will slide into Jacksonville's offensive line at left guard, between left tackle Cam Robinson and center Brandon Linder . SiriusXM Sports reported that Hayden will sign a three-year deal worth $19 million, including $9.5 million guaranteed.
  • Canada bangs the drum for United 2026 bid, committing cities and cash

    Canada bangs the drum for United 2026 bid, committing cities and cash

    But Horgan said the responsibility was on higher bodies to ensure that B.C. wouldn't be on the hook if the budget expanded. NDP was unable to reach an agreement to participate in this unprecedented chance to promote the province", he said.
    Malcolm Butler is off the market after choosing Titans over Lions

    Malcolm Butler is off the market after choosing Titans over Lions

    After releasing Murray, the Titans needed more help for quarterback Marcus Mariota and new offensive coordinator Matt LaFleur . Butler was relatively unknown before his Super Bowl-clinching interception against the Seattle Seahawks back in 2015.
    It's a girl! Sergio Garcia becomes a dad

    It's a girl! Sergio Garcia becomes a dad

    Sergio Garcia now has more than a green jacket to remind him of his victory at the Masters. Garcia and Akins got married last July, having got engaged in January 2017.
  • Stormy Daniels Crowdfunds Legal Fight Against Donald Trump and Michael Cohen

    Stormy Daniels Crowdfunds Legal Fight Against Donald Trump and Michael Cohen

    It seeks contributions from $10 to $200. "Rather than agree that the NDA is invalid, thus allowing me to talk, Mr. Trump through his spokeswoman has denied the affair, though the president himself has not publicly commented.
    US Navy jet goes down near Naval Air Station Key West

    US Navy jet goes down near Naval Air Station Key West

    At around 4:30 p.m., one pilot ejected from the jet, according to Adam Linhardt, Monroe County Sheriff's Office spokesman. The F/A-18 Hornet's two crew members ejected and rescue operations are underway, The Associated Press reported.
    Eagles CB Patrick Robinson set to sign with the Saints

    Eagles CB Patrick Robinson set to sign with the Saints

    Davis developed into an elite three-down linebacker last season with the Jets, recording 135 tackles and five sacks. Well, it looks like Patrick Robinson will head back to the team that he started his career with.