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In Disney Shakeup, Cost-Cutters Get Clout in Post-Staggs Era

  • Executives like Chapek, Pitaro, Sherwood promoted recently
  • Emphasis on restructuring, unearthing new revenue sources
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The derailing of Thomas Staggs’s drive to the top job at Walt Disney Co. sheds light on what some say is a culture shift at the entertainment giant, where cost-cutting is in vogue and value is placed on shaking up the business model.

A group of leaders on the rise -- including Bob Chapek, who oversees theme parks; Jimmy Pitaro, in charge of consumer and digital products; and TV networks honcho Ben Sherwood -- have restructured their divisions, fired longtime executives or sought to wring more revenue out of the business. Their strategy is in line with that of Ike Perlmutter, who came to Disney with the Marvel Entertainment acquisition seven years ago and built a reputation for controlling costs.