During times of pandemic, streaming services like Netflix and Disney+ are proving to be more valuable than ever, and it looks like Disney is going to be reorganizing their priorities moving forward.
According to The Hollywood Reporter, Disney CEO Bob Chapek is going to be doing some reorganization to make sure that Disney is more efficient in creating content for Disney+. The site writes:
Under the new structure, Disney is creating a Media and Entertainment Distribution group responsible for both the dissemination and ad sales for all of its content, including across streaming services including Disney+. Chapek has tapped Kareem Daniel, formerly president of consumer products, games and publishing, to run the newly formed division.
Though it was thought that Disney had made a huge chunk of their profits with their parks, it would make sense that they would now try to focus on a product that their patrons can safely consume. With Disney+ still considered to be understocked with content, it would be great if Disney could focus on making more of it moving forward.
Daniel had said in a statement:
“It’s a tremendous privilege to work with the talented and dedicated teams that will comprise this group, and I look forward to a close collaboration with the outstanding and incredibly successful team of creative content leaders at the Company, as together we build on the success we’ve already achieved in our DTC and legacy distribution business.”
This is considered to be one of Chapek’s first big moves ever since he took the CEO job from Bob Iger, and while I don’t really know how multi-billion companies are run, I think it would be smart to focus on streaming, seeing that it is now the main medium for a lot of entertainment. While I think traditional theaters will come back, it’s going to be a long while before that ever happens, and all people really have right now is what they can watch at home.
Disney+ is now available in select locations.