A man looks at his phone as he passes by a screen advertising Walt Disney's streaming service Disney+ in New York City, US, November 12, 2019 ReutersDisney+ has more than 100 million streaming customers worldwideWalt Disney said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing. Under the reorganization, Disney will separate the development and production of programming from distribution to be more responsive to consumer demands. The media and theme parks company launched the Disney+ streaming service in November 2019. It has exceeded its own targets by drawing more than 100 million streaming customers worldwide to Disney+, Hulu and ESPN+. AT&T which debuted the HBO Max streaming service in May, reorganized in August to combine its film and TV operations under one studio head to better compete in the streaming media wars.

Source: Dhaka Tribune October 13, 2020 00:00 UTC