Disney Warns “Restructuring, Change In Business Strategy” May Weaken Financial Results; Announces $900 Million Payment For Remaining BamTech

Expectations can be made (depending on the distribution platforms chosen for the content’s initial distribution),” the 10K filing stated.
Previously owned by Disney and MLB, Bamtech is now known as Disney Streaming.

Beyond what has already been reported, there wasn’t much information about the new administration in the lengthy filing that summarized the previous year’s financials (Disney’s fiscal year ends on September 30).

As was previously announced, Robert A. Iger will rejoin the company as CEO and a director on November 20, 2022. Previously, Mr. Iger worked for the company for more than 40 years, 15 of those as CEO.
One of the first targets in Iger’s sights is DMED, the Disney Media and Entertainment Distribution division. Chapek founded this new organization, which is now led by Kareem Daniel, a Chapek protege who was also fired. Many seasoned executives and well-known members of the creative community expressed their frustration with the distribution hub, which controlled P&Ls and decision-making for all divisions. It also stated that, as anticipated, it had paid $900 million to purchase the remaining 15% of streaming technology company BamTech.

“As anticipated by the leadership change announcement, we anticipate that Mr. Iger will start making organizational and operational changes within the Company over the next few months to meet the objectives of the Board. Changes in our operations and structure, including those within DMED (and possibly our distribution strategy and the businesses), even though the plans are still in their early stages, could