Disney studio cochairman Alan Horn passes reins to Alan Bergman

Disney has pushed back the release dates for ‘Black Widow,’ ‘Death on the Nile’ and multiple other films, in a blow to movie theaters.

Emboldened by the success of Disney+, Chapek in October revamped Disney’s corporate structure, organizing its media and entertainment units into content businesses that produce movies, TV shows and sports programming, alongside a newly created group to distribute that content through traditional channels and direct-to-consumer services.

The pandemic has accelerated Disney’s heightened focus on streaming, as it has at rivals including AT&T’s WarnerMedia and Comcast’s NBCUniversal. Disney’s direct-to-consumer operation, which includes ESPN+ and Hulu, has been a bright spot for the company while its parks and other businesses have been hobbled, resulting in thousands of layoffs. Disney said this month it is targeting up to 260 million subscribers by the end of fiscal 2024.

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