trending Market Intelligence /marketintelligence/en/news-insights/trending/t6hj1zj_20z_gxft85xyca2 content esgSubNav
In This List

Disney restructures business into 4 segments

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Disney restructures business into 4 segments

Walt Disney Co. has restructured its businesses into four segments in order to better capitalize on growth opportunities.

The four segments are the newly formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment segments, the company said March 14.

Disney tapped Chief Strategy Officer Kevin Mayer as chairman of the Direct-to-Consumer and International business segment. Bob Chapek, chairman of Walt Disney Parks and Resorts, will head Disney's consumer products operations globally as chairman of the new Parks, Experiences and Consumer Products business segment.

The Direct-to-Consumer and International unit comprises the company's international media businesses and the company's direct-to-consumer businesses globally, including the upcoming Disney-branded direct-to-consumer streaming service, Disney's ownership stake in Hulu LLC and the upcoming ESPN+ streaming service.

Senior Vice President Agnes Chu, who is joining the Direct-to-Consumer and International segment, will continue to oversee programming for the upcoming Disney-branded streaming service.

BAMTECH will house all consumer-facing digital technology and products across the company as part of the Direct-to-Consumer and International segment. BAMTECH, headed by Michael Paull, is developing both the Disney-branded and ESPN+ streaming platforms.

Management of global advertising sales for Disney's media properties will move from Media Networks to the new Direct-to-Consumer and International segment. The new segment will also include program sales operations and international channels.

The company expects to transition its financial reporting under the new structure by the beginning of fiscal 2019.