In a major reorganization this week, the Walt Disney Co., which already dominates the streaming entertainment landscape, announced it would shift its focus even more in that direction, as theme parks and movie theaters continue to face losses during the pandemic.
Tech expert Omar Gallaga told Texas Standard that the shift would probably have happened without COVID-19, but with Disney’s other businesses facing a downturn, the timing was right, especially for the company’s flagship Disney Plus service.
“We’re seeing them take top-tier stuff that would normally be in theaters and just shift to Disney Plus,” Gallaga said. “So they’re really coming out on top against companies like Netflix as far as original content.”
What you’ll hear in this segment:
– How much of the entertainment landscape Disney owns
– What role the pandemic plays in the company’s reorganization
– What Disney’s success has meant for competitors