The Pandemic Broke Disney: Can Streaming Fix It?
Disney was already staking its future on Disney+. Now it’s hoping it can rescue its present. COVID-19 has battered Disney all year by shutting down its theme parks, keeping theaters closed and accelerating the shift away from the cable bundle. But Disney+ has been a lone bright spot, establishing itself as a formidable challenger to Netflix’s throne as it heads into its first birthday. On Monday, Disney+ was put at the center of the Magic Castle. Also Read: Disney Sets Major Reorganization Around Disney+ Disney announced a new organizational structure that includes the creation of a Media and Entertainment Distribution group that will oversee the operations for all of Disney’s streaming services, including Hulu and ESPN+. Its main goal will be figuring out the best platform for Disney’s content, no matter which studio it comes from. That group will be led by a relative unknown, Kareem Daniel, who most recently served as president of consumer products, games and publishing. At the same time, Disney is putting all of its content development into three buckets — studio (film studios), general entertainment (TV studios) and sports (ESPN) — meaning that Disney+’s content decisions will no longer be made separately from Disney’s other...
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