The Walt Disney Company Announces a Realignment of Two of its Divisions; Announces Executive Appointments
June 29, 2015 at 02:20 pm
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The Walt Disney Company announced a realignment of two of its divisions, Disney Consumer Products and Disney Interactive. The new structure is designed to share technological expertise and maximize opportunities and efficiencies across two divisions that have increasingly become focused on similar objectives of delivering interactive consumer experiences and products. In addition, the change will more effectively leverage Disney's extensive licensing structure and retail relationships across both segments.
The new combined segment, Disney Consumer Products and Interactive Media (DCPI), will be run jointly by Leslie Ferraro, Co-Chair, Disney Consumer Products and Interactive Media and President, Disney Consumer Products; and Jimmy Pitaro, Co-Chair, Disney Consumer Products and Interactive Media and President, Disney Interactive. A new team called DCPI Labs will focus on using technologies to create new immersive products. DCPI Labs will report directly to Ms. Ferraro and Mr. Pitaro. Disney Publishing Worldwide, will also report jointly to Ms. Ferraro and Mr. Pitaro. Functional areas including Finance, Strategy and Business Development, Technology, Human Resources and Communications will be combined into joint teams reporting to both Mr. Pitaro and Ms. Ferraro. The traditional consumer products portfolio product development, licensing, retail relationship management, and more will continue under Ms. Ferraro's leadership. Mr. Pitaro will continue to manage social and mobile games, Asia games, online media and sales, and Disney Infinity.
The Walt Disney Company is a media and entertainment group. Net sales (including intragroup) break down by activity as follows:
- operation of theme parks and hotel resorts (33.9%): operation, as of 01/10/2022, of 10 theme parks (35 hotels) located in the United States (Walt Disney World Resort, Disneyland Resort and Aulani; 6 theme parks and 23 hotels), France (Disneyland Paris; 2 theme parks and 7 hotels), Japan (Tokyo Disney Resort; 2 theme parks and 5 hotels), Hong Kong (Hong Kong Disneyland; 1 theme park and 3 hotels) and China (Shanghai Disney Resort; 1 theme park and 2 hotels). The group is also involved in cruise sales (Disney Cruise Line), travel organization (Disney Vacation Club and Adventures By Disney), design and development of parks and other real estate properties, and sale of consumer products (children's books, toys, game software, films, etc.);
- operation of TV and radio channels (33.4%): domestic channels (Disney Channels, ESPN, ESPN Radio, Freeform, FX Channels and National Geographic Channels) and international channels (Disney, ESPN, Fox, National Geographic and Star). The group is also developing film post-production and website operation businesses;
- video streaming (23.1%);
- audiovisual content production and distribution (9.6%): TV programs, animated films, TV series, music, live entertainment, etc.
Net sales are distributed geographically as follows: Americas (81.5%), Europe (10.4%) and Asia/Pacific (8.1%).