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Disney is set to overhaul its entertainment business with focus on streaming

October 12, 2020. Summarized by summa-bot.

Disney announced a major reorganization of its media and entertainment business on Monday to "further accelerate" its streaming strategy.

New York (CNN Business)Disney announced a major reorganization of its media and entertainment business on Monday to "further accelerate" its streaming strategy.

"Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our Company to more effectively support our growth strategy and increase shareholder value," Bob Chapek, Disney CEO, said in a statement.

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