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Disney reorganises businesses, creates direct-to-consumer unit

Reuters  |  LOS ANGELES 

LOS ANGELES (Reuters) - Walt Disney Co announced a reorganization on Wednesday that will create a new direct-to-consumer and international unit as the entertainment company 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. The move, effective immediately, comes as Disney is in the process of purchasing film, TV and international businesses from Twenty-First Century Fox Inc. Regulators ...

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First Published: Wed, March 14 2018. 22:19 IST
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