Disney revamps itself to emphasize streaming

New York (AFP) – Disney announced Monday a reorganization of its media and entertainment business that aims to further boost its streaming service, which has boomed during the coronavirus pandemic.The entertainment giant tapped longtime company executive Kareem Daniel to lead the Media and Entertainment group, which will manage operations of the streaming services and manage for profit and loss across content creation, including for movie productions, television shows and sports programming.Chief Executive Bob Chapek said the effort is to eschew “predetermined” decisions on where to position a…

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