Its move follows significant changes in its movie release schedules to address new realities. The coronavirus pandemic forced people to stay home and watch video content more than ever.
Planned theatrical releases of films like “Black Widow” have been rescheduled, while other films, including “Mulan” and the upcoming Pixar film “Soul,” are debuting on Disney+.
Wall Street analysts view Disney’s reorganization as a positive move
A number of Wall Street analysts expressed optimism about Disney’s latest move to speed up the growth of its streaming business.
Michael Nathanson, a senior research analyst at MoffettNathanson wrote in a note to clients, “We were impressed” by its decision to focus on streaming. He added, “Now with one integrated revenue center, Disney can better review and re-allocate how they source content.” He believes that the new strategy will allow the company to pursue cross-platform deals, particularly in sports rights negotiations as league partners have an increasing appetite for streaming.
