The Walt Disney Company announces major restructuring and will slash 7000 jobs

[Raju lal]

Effective immediately, the company will be organized into three core, collaborative business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences and Products.
Outside of North America, the company’s media, entertainment, and sports content and operations will continue to be managed regionally by Luke Kang, President Asia Pacific; Jan Koeppen, President EMEA; Diego Lerner, President LATAM; and K Madhavan, President India.

The Walt Disney Company Announces Strategic Restructuring, Restoring Accountability to Creative Businesses - The Walt Disney Company

The Walt Disney Company today announced details of its strategic restructuring that will refocus the organization on creativity, empower creative leaders and ensure they …Read More

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Disney will slash 7,000 jobs from its workforce and plans to cut $5.5 billion in costs, including $3 billion in content savings

Disney to cut 7,000 jobs and slash $5.5 billion in costs as it unveils vast restructuring

Disney unveiled a vast corporate restructuring, and CEO Bob Iger said the company isn't considering a spinoff of ESPN.

www.cnbc.com

 

[Aksgr]

they will sell hulu and lend pixar content on lease to rivals.

 

[Rd22]

they will sell hulu and lend pixar content on lease to rivals.

They are doing these from last 20 + years most of movies sold to Netflix, still they sold contents to Rivals HBO and Amazon in some markets but its limited, things gets slower after own Disney + launch. Now they're going to focus on old strategies.

 

[Rd22]

lend pixar content on lease to rivals.

Not it's lease, most of movies year to year license, these deliver huge revenue for Disney or any other companies. Currently Netflix Renews agreement with Disney/Star for Utv catalog every year, for Disney/Star India it's make sense. if they Streaming and Broadcasting their own contents on their own platforms doesn't Generate good revenue for them.

 

[Aksgr]

If Disney could sell ABC. Their catelog would be the most attractive for big companies like apple and Microsoft

 

[Rd22]

Why should they sell whole content library, they know their content value that's why they're currently focusing limited period syndication deals like Indian content companies Eros, Goldmines, Shemaroo, B4U, Mango Mass Media deals it's generate more revenue compares with selling whole Brand/company library.

 

[rohan7]

All is not well at country’s leading broadcast network Disney Star as its top management is on its way out. Highly placed sources told Storyboard18 about exits at the top level in the Star Sports team of the network. The exodus of sorts can be attributed to the massive restructuring exercise that Disney is undergoing globally which can have impact on its India operations. The restructuring exercise is aimed at reducing overhead costs and ultimately cutting jobs.

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