The Walt Disney Company has announced a significant restructuring effort to streamline operations and adapt to the evolving media landscape. This move will result in the elimination of nearly 6% of its staff across ABC News and Disney Entertainment Networks, affecting approximately 200 employees.
As part of this restructuring, ABC newsmagazines 20/20 and Nightline are being consolidated into a single unit. This move reflects Disney’s desire to optimize resources and focus on producing high-quality content that resonates with audiences.
In today’s digital media landscape, where online video platforms are becoming increasingly popular, it’s crucial for Disney to adapt its content strategy to meet changing audience demands. According to eMarketer, by 2025, over 70% of US adults will use online video platforms to watch TV shows and movies.
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