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Businesses Entertainment

Disney Reorganizes To Focus on Streaming, Direct To Consumer (cnbc.com) 14

Posted by msmash from the pandemic-chaos dept.
Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company's business. From a report: On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+. The move by Disney comes as the global coronavirus pandemic has crippled its theatrical business and ushered more customers towards its streaming options. As of August, Disney has 100 million paid subscribers across its streaming offerings, more than half of which are subscribers to Disney+. "I would not characterize it as a response to Covid," CEO Bob Chapek told CNBC's Julia Boorstin on CNBC's "Closing Bell" Monday. "I would say Covid accelerated the rate at which we made this transition, but this transition was going to happen anyway."
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Disney Reorganizes To Focus on Streaming, Direct To Consumer More

Disney Reorganizes To Focus on Streaming, Direct To Consumer

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  • How to fix corporate problems (Score:3, Informative)

    by Paradise Pete ( 33184 ) on Monday October 12, 2020 @04:44PM (#60600602) Journal
    How to fix corporate problems: If you're decentralized, centralize. If you're centralized, decentralize.
    • Separate post, for our English friends:
      How to fix corporate problems: If you're decentralised, centralise. If you're centralised, decentralise.

      • Re: (Score:3)

        by rtb61 ( 674572 )

        You just did not see the real Disney plan. Converting Disney streaming services into non-stop advertisements for Disney merchandise. Every single program a non stop ad for Disney merchandise. Parents, want an easier life, BAN, Disney streaming, otherwise you children being subject to mind warping Disney merchandising advertisements will have them screaming at you continually to buy all sorts of rubbish.

        It wont be the Diseny Channel, make no mistake, believe no PR=B$, it will be the DISNEY MERCHANDISING ADV

        • This isn't new. This kind of cross marketing was pioneered by Walt Disney himself in the 1950s with Disneyland and the TV show created to promote it.

      • 3 Envelopes (Score:4, Insightful)

        by ghoul ( 157158 ) on Monday October 12, 2020 @07:06PM (#60601008)
        A new VP of Engineering joins a tech firm. The exiting VP leaves him 3 envelopes. He says whenever you have a crisis open an envelope
        1st Crisis after 6 months - Opens 1st Envelope: On opening VP finds "Blame your predecessor" Buys 6 months
        2nd Crisis Opens 2nd Envelop : On Opening it says "Reorganize" Buys 6 months
        3rd Crisis Opens 3rd Envelope : On opening it says "prepare 3 envelopes"
        Disney VP of Engineering just opened his second envelope. Lets hope he doesnt need to open the 3rd Envelope

  • CEO Bob Chapek told CNBC's Julia Boorstin on CNBC's "Closing Bell" Monday. "I would say Covid accelerated the rate at which we made this transition, but this transition was going to happen anyway."

    I believe this it the case and Disney is pretty good at mastering media. They started with Disney Movies Anywhere, which morphed into Movies Anywhere. It's actually a pretty simple service - I admit I'm not a power-user, but whether I'm on Vudu, iTunes, iOS, or whatever set-top streaming box, my movies are present and portable. And I can even switch accounts if need be so that old email addresses can be moved and movies will follow (iTunes doesn't permit this, sadly).

    It only makes sense that they would mov

    • It only makes sense that they would move into streaming as well. I wonder if they'll buy a movie theater chain? I'm betting they'll be on sale cheap before too long...

      Cant't do that, not since 1948. You can't produce films and also own the moviehouses that show your films.

      I think this decision of Disney's is actually the first nail in the movie house coffin. Congrats, Hollywood, your movies in the past 10-15 years have started the decay. And now covid is going to finish you off, because where Disney goes, the rest of the industry eventually goes.

      • It only makes sense that they would move into streaming as well. I wonder if they'll buy a movie theater chain? I'm betting they'll be on sale cheap before too long...

        Cant't do that, not since 1948. You can't produce films and also own the moviehouses that show your films.

        Isn't Netflix doing this, so that they can get their movies into the Oscars?

        • Isn't Netflix doing this, so that they can get their movies into the Oscars?

          Grey area. Internet. Whatever the excuse-of-the-week is.

          Netflix, afaik only bought the Egyptian. One single-screen theater.

          Fox, Paramount, MGM had hundreds, if not thousands of theaters. Most were humble small-America things, but a few were 5000 seat "movie palaces" I grew up with one of those, a 1928 Paramount 1500-seater that got turned into a triple sometime in the early 70's. By the mid-80's it was a discount 2nd-run. By the late 80's it went hard grindhouse and shuttered without notice.

          Now, if N

      • Re: (Score:3)

        by EvilSS ( 557649 )
        I'm afraid you are wrong on that. First, the Paramount consent decrees only covered the big studios of the day. Disney was never a part of the Paramount consent decrees. So for most of their existence, they could (although there was always the possibility the government would try to intervene). That changed a bit when they purchased Fox (who was one of the big studios covered by it). Second, the decree is no longer enforce: https://deadline.com/2020/08/p... [deadline.com]

      • Re: (Score:3)

        by Guspaz ( 556486 )

        Cant't do that, not since 1948. You can't produce films and also own the moviehouses that show your films.

        If you're talking about the 1948 Paramount decree, it was repealed a few months ago. It's now A-OK for studios to own the theatres.

  • ... with its new streaming service.

  • Well, starting with the only discount coming from taking a sports package . . . seems like the same crap we always got from the cable companies.

    The Cable/Dish/Streaming greatest hits:
    Sunday ticket: Buys you everything
    Buying the family package doesn't come with the discovery networks
    Local channels are extra, but we got Fox, CNN CNBC MSNBC and other "entertainment" news
    (my personal favorite) $5/month or $60/year for your favorite ONE channel


    I want my Mtv . . . get off my lawn.

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