according to hollywood reporternewly reinstated Disney CEO Bob Iger has already begun a management shake-up with Kareem Daniel, former head of Disney Media and Entertainment Distribution, leaving the company.
what’s happening:
- Kareem Daniel is at work at The Walt Disney Company. Iger returns as CEO With the mandate to “set the strategic direction for new growth”.
- It’s the first of many expected moves as Iger seeks to reshape the company’s streaming strategy and return to a structure that prioritizes larger decision-making by creatives.
- In a memo to Disney Media and Entertainment Distribution employees on Monday, Iger said the company will “implement organizational and operational changes” within the company in the coming weeks. This has the most direct impact on groups organized under Daniel.
- “I enlisted Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to help design a new structure that puts more decision-making in the hands of the creative team and streamlines costs. The reorganization of Disney Media & Entertainment Distribution.As a result, Kareem Daniel will be leaving the company, but we would like to thank him for his many years of service to Disney,” Iger wrote.
- “Our goal is to have the new structure in place in the coming months. No doubt elements of DMED will remain, but fundamentally, storytelling is the driving force of this company and central to how we organize our business.” I truly believe,” he continued.
- After becoming CEO in February 2020, Chapek organized DMED and was responsible for disseminating Disney content and advertising sales. Disney+ and in the theater. This division was responsible for a vast array of responsibilities, including distribution, operations, sales, advertising data and technology across all Disney content, and ultimately weighed the Group’s profits and losses.
- The combined power of the group differed from Iger’s vision of drawing on the creative talent and ideas of the entire company, highlighted at the company’s annual retreat in June 2021.
- “In a data-filled world and business, we want to use data to answer all questions, including creative questions,” Iger said at the time. “I beg you not to do that.”
- Below is Iger’s full memo sent to employees in the department.
Dear DMED Employees,
As we embark on the transformative efforts that I shared in last night’s email, I would like to first extend my sincere gratitude and appreciation to each and every one of you. In the coming weeks, we will begin implementing organizational and operational changes within the company. It is my intention to reframe things in a way that honors and respects creativity as our heart and soul. It’s time, and our efforts are also focused on building more efficient and cost-effective structures.
I enlisted Dana Walden, Alan Bergman, Jimmy Pitaro, and Christine McCarthy to help design a new structure that puts more decision-making in the hands of the creative team and streamlines costs. This will require a reorganization. of Disney Media & Entertainment Distribution. As a result, Kareem Daniel will be leaving the company, but we would like to thank him for his many years of service to Disney.
Our goal is to have the new structure in place in the coming months. Elements of DMED will no doubt remain, but I fundamentally believe that storytelling is the driving force behind this company and is at the heart of how they organize their business.
This is a moment of great change and opportunity for our company as we begin our second century, and I am proud to lead this team once again. Words cannot express my sincere gratitude for the wonderful work you do every day and your commitment to maintaining the level of excellence that Disney has always been known for.
We know change can be unnerving, but it is both necessary and energizing. Please be patient as we create a roadmap for this restructuring. More details will be shared over the next few weeks. Until the new system is in place, we will continue to operate under the current system. In the meantime, I hope everyone is having a wonderful Thanksgiving holiday.
bob
