Markets reacted positively to Disney’s newly-found laser focus on streaming, pushing the company’s stock price up nearly 5%. Disney announced a restructure of its media and entertainment arms in a Monday press release. The move centralizes those businesses into one entity that will oversee all distribution and monetization of Disney content, including its streaming platform Disney+. This will mean a significant boost in funding for original content. Disney’s pivot comes at the tail end of a tough year for the entertainment giant. Rolling COVID lockdowns in March obliterated its Parks, Experiences, and Products department, forcing the company to report a…
This story continues at The Next Web
Or just read more coverage about: Netflix