Disney execs who gained power in streaming reorg list: Kareem Daniel

  • Disney announced a major reorganization on Monday that prioritizes streaming, as the pandemic continues to upend the company’s parks and theatrical businesses.
  • Disney created a new Media and Entertainment Distribution Group, overseen by Kareem Daniel, 14-year Disney veteran who was most recently president of consumer products, games, and publishing.
  • Daniel will make decisions on advertising, sales, operations, technology, and distribution of Disney’s content in his new role. 
  • The executives currently in charge of Disney’s movies, TV, and sports arms — Alan Horn, Alan Bergman, Peter Rice, and Jimmy Pitaro — will continue to oversee those.
  • “There is a seismic shift happening in the marketplace, and you can either lead or follow and we chose to lead,” Disney CEO Bob Chapek said of the reorganization.
  • Visit Business Insider’s homepage for more stories.

As Disney zeroes in on streaming amid the coronavirus pandemic, the company has elevated a new streaming chief.

As

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Disney Reorganizes Content and Distribution Units to Bolster Streaming Businesses

The Walt Disney Company announced a broad structural reorganization of its media and entertainment businesses Monday, in a move to ramp up and streamline its direct-to-consumer strategy. That involves the creation of the new Media and Entertainment Distribution group, which will oversee all content monetization and streaming operations. Kareem Daniel, most recently president of consumer products, games and publishing at Disney, will lead the unit.

The move comes just under a year after the launch of Disney Plus, which has since surpassed the 60 million subscriber mark.

Under the new structure, the studios will continue to develop and produce originals for Disney’s streaming services — which include Disney Plus, Hulu and ESPN Plus — and legacy platforms. Distribution and commercialization will now be centralized under the Media and Entertainment Distribution group.

“Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our

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Disney is set to overhaul its entertainment business with focus on streaming

If there was any question that Disney+ is the center of Disney’s media empire, the company took away all doubt on Monday.



a screen shot of a video game remote control: Disney Plus launch in India has been delayed.


© Ivan Marc/Shutterstock
Disney Plus launch in India has been delayed.

Disney announced a major reorganization of its media and entertainment business on Monday to “further accelerate” its streaming strategy.

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The company’s stock was up about 5% in after hours trading following the news.

“This is further proof that the direct to consumer model is not only well received, but more critical than ever to Disney’s future,” said Trip Miller, a Disney investor and managing partner at hedge fund Gullane Capital Partners. “These moves will not only result in higher quality content, and focused distribution, but allow the company to streamline corporate complexity and hopefully lower expenses.”

Miller also said that this move will allow Disney to further monetize in demand content and possibly “make up

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With Disney+ in the spotlight, Disney revamps its business around streaming

Walt Disney Studios and Shanghai Media Group Pictures have stuck a multiyear partnership agreement to co-develop Disney-branded movies that would be released in China.
Disney on Monday announced a major restructuring of its content business to focus on streaming. (Reed Saxon / Associated Press)

Emboldened by the success of Disney+, Walt Disney Co. is reorganizing its massive entertainment and media operations to focus on creating content for its streaming services in a major effort to accelerate its direct-to-consumer strategy, the company said Monday.

Under the new corporate structure, Disney’s media and entertainment units will be organized into content businesses that produce its movies, TV shows and sports in addition to an equally important and newly created group to distribute that content through traditional channels as well as its streaming services, such as Disney+, Hulu and ESPN+.

The restructured Disney will have three distinct content arms: Studios, run by Walt Disney Studios co-chairs Alan Horn and Alan Bergman; General Entertainment, run by media networks chairman Peter Rice; and Sports, headed by ESPN chief James Pitaro.

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Disney announces a ‘strategic reorganization’ to focus on streaming

Disney:

“Studios: Messrs. Horn and Bergman will serve as Chairmen, Studios Content, which will focus on creating branded theatrical and episodic content based on the Company’s powerhouse franchises for theatrical exhibition, Disney+ and the Company’s other streaming services. The group will include the content engines of The Walt Disney Studios, including Disney live action and Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios and Searchlight Pictures.

General Entertainment: Mr. Rice will serve as Chairman, General Entertainment Content, which will focus on creating general entertainment episodic and original long-form content for the Company’s streaming platforms and its cable and broadcast networks. The group will include the content engines of 20th Television, ABC Signature and Touchstone Television; ABC News; Disney Channels; Freeform; FX; and National Geographic.

Sports: Mr. Pitaro will serve as Chairman, ESPN and Sports Content, which will focus on ESPN’s live sports programming, as well

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TCL: Global Smart TV Leader With A Fast-Growing Streaming Business (OTCMKTS:TCLHF)

Background

When I researched and wrote about Roku recently, I dived into the streaming ecosystem. One trend is Smart TV’s total viewing time increased from 7% to 15% in 1H2020, according to the Conviva State of Streaming Q2 report.

In the TV manufacturers sector, TCL (OTCPK:TCLHF)’s recent surge in North America caught my eyes. TCL electronics holdings company (hereinafter referred to as TCL) is a Chinese company headquartered and listed in Hong Kong (its stock symbol 1070.HK) and incorporated in the Cayman Islands. It manufactures TVs, other consumer electronics, and build a comprehensive ecosystem for smart TVs. In 1Q19, TCL ranked No1 in North American by TV unit shipment.

All dollar amounts discussed in this article are in USD, while numbers cited in its financial reports are in HKD. I use 1USD =7.75HKD for conversions.

Verdict Summary

I am very bullish on TCL. A conservative model values the company at

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Global Online Music Streaming Growth Slowed Down in Q2 2020

SEOUL & HONG KONG & NEW DELHI & BEIJING & LONDON & BUENOS AIRES & SAN DIEGO–(BUSINESS WIRE)–Oct 7, 2020–

Global online music streaming revenues declined 2% QoQ but grew 13% YoY in Q2 2020 at $6.7 billion, according to the latest Counterpoint Research findings. This is the first-ever QoQ decline in terms of revenues as music streaming has been gaining strength with every passing quarter. Paid subscriptions grew 29% YoY compared to 35% YoY in the Q1.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005474/en/

Global Music Streaming Paid Subscriptions by Brand Share (in %) – Q2 2020 (Photo: Business Wire)

Research Analyst Abhilash Kumar said, “The growth slowed down in Q2 and, for the first time, the revenues declined sequentially. There are a couple of reasons for the same. The music streaming platforms offered discounts and lowered prices for paid subscriptions to retain consumers

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