A day after Bob Iger returns as CEO of The Walt Disney Company and internal changes take place, it is announced that Kareem Daniel is leaving Disney as head of the Media and Entertainment Distribution Division.
In a memo to Disney employees yesterday, Iger announced the restructuring at The Walt Disney Company (TWDC) would begin “in the coming weeks,” and as part of that restructuring, Kareem Daniel, chairman of Disney Media and Entertainment Distribution (DMED ), doing so, with Iger thanking Daniel for “his many years of service to Disney.”
Daniel was hired by Bob Chapek as part of his founding of a distribution center, DMED, with the goal of streamlining the process of creating the optimal release schedule for all film and television titles.
This central decision-making platform reportedly frustrated many veteran executives as well as big-name members of the creative industries.
As part of the memo sent out by Iger, he said he hired Dana Walden, Alan Bergman and Jimmy Pitaro, along with TWDC CFO Christine McCarthy, to “design a new structure that puts more decision-making in the hands of our creative teams and streamlines it.” the costs.”
Walden, Bergman and Pitaro are chairs of Disney General Entertainment Content, Disney Studios Content and ESPN, respectively.
“Our goal is to implement the new structure in the coming months. There is no question that elements of DMED will remain, but I fundamentally believe that storytelling is what drives this company and that it belongs at the core of our business organization,” he continued.
Before assuming the role of Chairman, Daniel served for a few months as President, Consumer Products and before that he was President, Walt Disney Imagineering Operations/Product Creation/Publishing/Games for TWDC. His page on TWDC’s website has already been deleted.
Iger’s full memo is below:
Dear DMED employees,
As we begin the transformative work that I mentioned to you in my email last night, I would like to begin by expressing my sincere appreciation and gratitude to each and every one of you. In the coming weeks we will start to implement organizational and operational changes in the company. It is my intention to restructure things in a way that values and respects creativity as the heart and soul of who we are. As you know, this is a time of tremendous changes and challenges in our industry and our work will also focus on creating a more efficient and cost-effective structure.
I’ve asked Dana Walden, Alan Bergman, Jimmy Pitaro and Christine McCarthy to work together to design a new structure that puts more decisions in the hands of our creative teams and streamlines costs, and this will require a reorganization of Disney Media & Entertainment Distribution. As a result, Kareem Daniel will be leaving the company and I hope you all will join me in thanking him for his years of service to Disney.
Our goal is to implement the new structure in the coming months. There is no question that elements of DMED will remain, but I fundamentally believe that storytelling is what drives this company and that it belongs at the core of our organization.
This is a moment of great change and opportunity for our company as we enter our second century and I am so proud to once again lead this team. I can’t say it enough: I am incredibly grateful for the tremendous work you do every day and for your commitment to upholding the level of excellence Disney has always been known for.
I know that change can be unsettling, but it is also necessary and even stimulating, so I ask for your patience while we develop a roadmap for this restructuring. More information will be shared in the coming weeks. Until a new structure is in place, we will continue to operate under our existing structure.
In the meantime, I wish you all Happy Thanksgiving Holidays and thank you again for all you are doing.