© according to the deadline
Disney is back to business as usual when it comes to content, creating a new Disney Entertainment division covering TV and movies.
Dana Walden and Alan Bergman will lead the new corporate division, separate from ESPN and the Parks, Experiences and Products division.
Walt Disney CEO Bob Iger announced the new structure as part of the company's "significant transformation" during the company's recent earnings call.
Related: Disney Restructuring and Earnings Report: Full Coverage
Disney is officially disbanding the media and entertainment division founded by former CEO Bob Chapek and led by Kareem Daniels, who left last year. This fragmented content and distribution decisions and took decision-making power away from the creative teams.
"Our new structure is focused on empowering our creative leaders and holding them accountable for the financial performance of their content," Iger said during the earnings call. "Our original structure has severed that connection, and it must be restored."
We're hearing that changes to all consumer streaming services like Disney+ and Hulu, but not ESPN+, will be implemented under the new division and are designed to put more power in the hands of creative leaders. .
Still, the company faces thousands of layoffs, and it's unclear how many people will be in the entertainment division and $3 billion in content spending cuts.
Walden and Bergman, president of content for Disney Studios, which oversees the films, will serve as co-chairs.
It will confirm the introduction of Walden, who was named president of Disney General Entertainment Content after Peter Rice was ousted last year.
RELATED: Dana Walden's ' Get Up' Raises Question of the Age: Will Disney Have a Female Director?
Walden, who came to Disney from Fox following the company's $71 million buyout, has contributed to some of Disney's biggest wins in recent years, including Summer of the Soul's Oscar win and the ABC comedy series Abbott Elementary and Abbott Elementary. . . . Hulu has made hits like Murder, Dopesik, and Keeping Up With the Kardashians in a single building.
In September, he began orchestrating his first major personnel changes, promoting former FX chief Eric Schreier to president of Disney Television Studios and Business Operations, Disney General Entertainment and Craig Erwich to president of ABC Entertainment, Hulu and Disney Brand Television. Original and Shannon Ryan to President of Marketing, Disney General Entertainment.
It remains to be seen how the moves will change the management of various television properties, with several television studios hinting that 20th Century Television and ABC may be coming.
In December 2020, Bergman was named president of content at Disney Studios, reporting to Capcom. He previously co-hosted with Alan Horn from 2019.
A nearly 27-year Disney veteran, Bergman served as Disney's first co-chairman, overseeing content creation, production, marketing and operations for Disney Studios, including Walt Disney Animation Studios, Pixar, Marvel, Lucasfilm, 20th. Century. Studios, Spotlight and Disney Stage Productions. . As of 2019, he was the president of Walt Disney Studios for 14 years. Bergman is known for his financial savvy when it comes to creative content, and Disney's track record proves it, especially with movie returns. In the year In 2022, Disney Studios led all studios at the global box office with $4.9 billion.
Bergman's acquisition of Lucasfilm in 2012 and merger with 20th Century Studios in 2019 led Disney to a record $7 billion in worldwide sales in 2016 and 2018, leading to $11 billion in 2019 from Lucasfilm, Marvel, and Pixar. Disney cartoons and action movies.
Anthony D'Alessandro contributed to this report.
For stories like this follow us on MSN by clicking the button at the top of this page.
Click here to read the full article.