82.1 F
San Fernando
Thursday, Mar 28, 2024

Disney to Cut 650 Positions

The Walt Disney Co. announced Wednesday that it plans to eliminate as many as 650 studio positions worldwide as it repositions itself to focus on Disney branded movies. “Cutbacks such as these are difficult on so many levels, and we will do everything in our power to make the transition as smooth as possible,” said Walt Disney Studios Chairman Dick Cook. Disney also announced a consolidation of its global marketing and distribution into Buena Vista Worldwide Marketing and Distribution, and Buena Vista Worldwide Home Entertainment. Under the new plan, the studio will produce and distribute approximately 10 Disney live-action and animated films a year and two to three Touchstone films a year. Nina Jacobson is also out as president of the Walt Disney Motion Pictures Group, replaced by Mark Zoradi, who will also oversee the distribution and marketing of Disney and Touchstone Pictures films worldwide. Robert Chapek has been named president, Buena Vista Worldwide Home Entertainment, and will manage the worldwide distribution and marketing of all the Studio’s films on Home Entertainment platforms. “The consolidation of global marketing and distribution is extremely important as we continue to adapt to the vastly changing world,” Cook said.

Featured Articles

Related Articles