Disney said Wednesday it is planning to reorganize into three segments.
The media and entertainment giant said it would now be made up of three divisions:
- Disney Entertainment, which includes most of its streaming and media operations
- An ESPN division that includes the TV network and streaming service
- A Parks, Experiences and Products unit
The move marks the most significant action Bob Iger has taken since returning to the company as CEO in November. Disney announced the changes minutes after it posted its most recent quarterly earnings.