Disney has carried out a strategic reorganisation ahead of the 2019 launch of its direct-to-consumer streaming service, intended to challenge streaming giant Netflix. The company is expected to announce on Tuesday that it will split off Disney’s entertainment and media businesses into two separate companies, with one focusing solely on content production while the other focuses more heavily on licensing Disney also announced it has acquired a majority stake in streaming tech provided BAMTech, and unveiled its plans for an ESPN streaming service.
Disney has carried out a strategic reorganisation ahead of the 2019 launch of its direct-to-consumer streaming service, intended to challenge streaming giant Netflix. The company's business is being reorganised into four branches: Direct-to-Consumer and International; Experiences and Consumer Products; and Disney Parks, Studio Entertainment and Media Networks. Disney also announced it has acquired a majority stake in streaming tech provided BAMTech, and unveiled its plans for an ESPN streaming service.