• Industry News
  • Variety
  • Published: Nov. 16, 2020 @ 2:00 PM

Disney Chief Talks Studio Reorganization and Disney Plus Movie Premiere Strategy

Disney CEO Bob Chapek

Disney held a call last week with its investors to provide an outlook on 2020 Q4 and full-year earnings.  CEO Bob Chapek explained that Disney’s management team was “100%” bought into the corporate restructuring they announced last month, intended to free up distribution to make the decisions necessary to maximize earnings and profitability from the studio’s film output.  A key element will be leaning into the potential of its Disney+ streaming service, which has become the lone bright spot in an otherwise difficult year.  Chapek teased details to follow in its upcoming presentation on 12/10 on the future of Disney+.  Despite this year’s drubbing to its bottom line, the company has witnessed a recovery in its stock price, indicating confidence in the company’s strategy and prospects for it to enjoy a bounce-back year in 2021.

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