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Disney reorganizes businesses, creates direct-to-consumer unit

Posted by: Admin | Posted on: March 14th, 2018 | 0 Comments

LOS ANGELES (Reuters) – Walt Disney Co announced a reorganization on Wednesday that will create a new direct-to-consumer and international unit to reflect the company’s priorities as it adapts to a rapid shift toward online and mobile viewing.

Kevin Mayer, the company’s chief strategy officer, was named chairman of the new division, which will oversee the launch of a family-oriented streaming service in late 2019, Disney said in a statement.

Reporting by Lisa Richwine; Editing by Bernadette Baum

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/4nxzbvdi5kk/disney-reorganizes-businesses-creates-direct-to-consumer-unit-idUSKCN1GQ2GM

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