Disney creates streaming video unit for digital future


  • TECH
  • Thursday, 15 Mar 2018

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid

LOS ANGELES: Walt Disney Co said on March 14 it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video.

Kevin Mayer, the company's chief strategy officer, was named chairman of the new division, which will oversee the upcoming ESPN+ digital offering and the launch of a family-oriented streaming service in late 2019, Disney said in a statement.

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