Dana Walden & Alan Bergman To Oversee New Disney Entertainment Unit
09.02.2023 - 01:19
/ deadline.com
Disney is moving back closer to how things used to be run on the content side with the creation of a new Disney Entertainment unit that will encompass TV and film.
This new corporate division, which will sit separate to ESPN and the Parks, Experiences & Products unit, will be led by Dana Walden and Alan Bergman.
The Walt Disney Company CEO Bob Iger just revealed the new structure on the company’s latest earnings call, as part of a “significant transformation” at the company that he said would “maximize the potential of our world-class creative teams”.
It officially dismantles Disney Media & Entertainment Distribution, created by former CEO Bob Chapek and run by Kareem Daniel, who left last year. This unit separated the the way content and distribution decisions were made and took decision making power away from the creative teams.
“Our new structure is aimed at returning greater authority to our creative leaders, and making them accountable for how their content performs financially. Our former structure severed that link, and must be restored,” said Iger on the earnings call.
We’re hearing that the changes, which bring all of its direct-to-consumer streaming services such as Disney+ and Hulu, although not ESPN+, under the new division, will be implemented immediately and are designed to return greater authority to its creative leaders.
This comes, however, as the company is facing thousands of layoffs and it’s not clear how many of these will be within the entertainment division, as well as a drive to cut content costs by $3B.
Walden and Bergman, who is Chairman of Disney Studios Content, overseeing the film side, become Co-Chairmen.
It cements the rise of Walden, who was named Chairman of Disney General