The Walt Disney Company announced details Thursday of its strategic restructuring, which will, according to an official release, “refocus the organization on creativity, empower creative leaders and ensure they are accountable for all aspects of their businesses globally, and put the company’s streaming business on a path to sustained growth and profitability.” This offers some clarification and insight into the expanded roles of top executives Alan Bergman, Dana Walden and Jimmy Pitaro, first announced during the February 2023 earnings call with CEO Bob Iger on Wednesday.
Thursday’s announcement states that, effective immediately, the company will be organized into (and around) three business segments: Disney Entertainment, ESPN and Disney Parks, Experiences and Products (aka DPEP, which was created by Iger in 2018).