Disney's media sales boss to exit in Iger shake-up

A day after returning to the company, Walt Disney Co (DIS.N) Chief Executive Bob Iger moved to undo a corporate structure put in place by his hand-picked successor, Qazet.az reports.

In an email to employees on Monday, seen by Reuters, Iger said he would begin making operational changes at Disney, including a restructuring that puts decisions back into the hands of the company's creative executives.

Iger said the restructuring would result in changes to Disney Media & Entertainment Distribution, a unit former CEO Bob Chapek formed in October 2020 to centralize all film and television sales and distribution. The unit's chairman, longtime Chapek lieutenant Kareem Daniel, will leave the company.