By Josh Beckerman

Walt Disney Co., providing more restructuring details Thursday, said that several shared-service organizations would support both Disney Entertainment and ESPN, effective immediately.

The company said this would facilitate "company-wide efficiencies" and create "a more cost-effective, coordinated, and streamlined approach to operations."

These include Product and Technology, led by Aaron LaBerge; Advertising Sales, led by Rita Ferro; Platform Distribution led by Justin Connolly; but excluding Theatrical Distribution and Music, which would be overseen by Alan Bergman.

On Wednesday, Disney said Mr. Bergman and Dana Walden would co-chair a new division called Disney Entertainment.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

February 09, 2023 13:53 ET (18:53 GMT)

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