Disney Reorganization: Kevin Mayer to Lead New Streaming Division, Bob Chapek Adds Consumer Products
Disney is consolidating some of its businesses amid the company’s pending takeover of 21st Century Fox. Kevin Mayer will lead the new streaming operations, while Parks boss Bob Chapek adds consumer products to his purview.
“We are strategically positioning our businesses for the future, creating a more effective, global framework to serve consumers worldwide, increase growth, and maximize shareholder value,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “With our unparalleled Studio and Media Networks serving as content engines for the Company, we are combining the management of our direct-to-consumer distribution platforms, technology and international operations to deliver the entertainment and sports content consumers around the world want most, with more choice, personalization and convenience than ever before.”
“In addition, we are merging our Consumer Products and Parks operations under one segment, combining strategy and resources to produce even more compelling products and experiences that bring our stories and characters to life for consumers,” Iger said.
More to come…
Source: The Wrap