Disney is in the process of reorganizing and restructuring the company, and details have emerged about the company’s plans for ESPN.
Deadline reported on Wednesday that ESPN will be one of three standalone segments comprising Disney. Entertainment and Parks, Experiences & Products are the other two segments.
The reorganization comes amid the exit of former CEO Bob Chapek and the re-entry of CEO Bob Iger. As one of Iger’s first moves back running Disney, he announced a restructuring of Disney Media & Entertainment Distribution.
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It was also reported that Jimmy Pitaro will continue as the president of ESPN.
In total, more than 7,000 jobs will be eliminated after the restructuring.
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