The Walt Disney Company is preparing a major restructuring of its television business that could eliminate hundreds of jobs, according to The Wall Street Journal. The plan would streamline Disney’s TV operations and place greater emphasis on streaming as traditional television continues to decline.
The restructuring could affect units including ABC Entertainment, 20th Television, Hulu Originals, and Freeform, as well as potentially lead to additional cuts at ABC News.
The changes are part of CEO Josh D’Amaro’s broader effort to reduce costs and simplify Disney’s corporate structure. Disney has already eliminated thousands of positions in recent years as it adjusts to changing consumer habits and the shift from cable television to streaming.
The move highlights the continuing financial pressure on traditional TV businesses and Disney’s push to make its streaming operations more efficient and profitable.
