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Disney restructures its business as digital disruption shakes up the media industry

"We are strategically positioning our businesses for the future, creating a more effective, global framework to serve consumers worldwide, increase growth and maximize shareholder value," Robert A. Iger, Disney's chairman and chief executive, said in a statement. "With our unparalleled studio and media networks serving as content engines for the company, we are combining the management of our direct-to-consumer distribution platforms, technology and international operations to deliver the entertainment and sports content consumers around the world want most, with more choice, personalization and convenience than ever before."

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