Disney Revamps Film Leadership, Greenbaum Takes Helm to Boost Box Office Hits - Walt Disney (NYSE:DIS)
Disney's film division undergoes leadership change after underperformances, with David Greenbaum replacing Sean Bailey. Bailey stays within Disney, while Greenbaum leads Live Action and 20th Century Studios. Greenbaum's experience includes acclaimed films, while Bailey may join Netflix or Amazon. Disney's overhaul reflects strategy to boost performance amidst competition and cost-cutting, while facing shareholder activism. DIS shares down 0.03% at $107.65 premarket.