To consolidate the leadership structure in the company The Walt Disney is restructuring their team for better integration for the pending acquisition of Twenty-First Century Fox, Inc., the Direct-to-Consumer and International (DTCI).
Kevin Mayer, Chairman of The Walt Disney Company’s Direct-to-Consumer & International segment, said, “The planned restructuring of our business units outside of the US will result in a stronger, more agile organization, one that is better able to pivot and capitalize on the many opportunities present in today’s fast-changing and increasingly complex global marketplace,” said Kevin Mayer, Chairman of The Walt Disney Company’s Direct-to-Consumer & International segment.
Uday Shankar, who currently serves as President, 21st Century Fox, Asia, and Chairman and CEO of Star India, will become Chairman, Star and Disney India, and President, The Walt Disney Company Asia Pacific.
Shankar is associated with Star since 2007, under his leadership Star India reached at its peak and witnessed tremendous growth in revenue and viewership. Shankar launched Pro Kabaddi in India and also responsible for getting the media rights for IPL.
“Once the acquisition is complete, all three regions will be led by exceptional, highly experienced executives who will combine the 'best of the best' talent from both organizations. This new structure and the outstanding leadership team we’ve put in place are clear demonstrations of our strong commitment to integrating operations and thoughtfully executing our strategic priorities around the globe,” Mayer added
In other markets, the company has got senior executives from Disney and Fox to make the global team robust. Rebecca Campbell, Current President, The Walt Disney Company EMEA, has been given additional charge of Russia and CIS; Diego Lerner, President, Latin America, will lead the LATAM business.
Disney’s acquisition of 21st Century Fox has received formal approval from shareholders of both companies, and Disney and 21st Century Fox have entered into a consent decree with the US Department of Justice that allows the acquisition to proceed while requiring the sale of the Fox Sports Regional Networks.
Pic Source: e4m