Disney Guts the Team That Built Disney+ Into Streaming Leader

Almost every major leader of Disney’s streaming business has left in the last year.

Walt Disney Studios in Burbank, California, US, on Thursday, Feb. 9, 2023. Walt Disney Co. Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world's largest entertainment company that includes cutting 7,000 jobs and $5.5 billion in cost savings.Photographer: Eric Thayer/Bloomberg

Good afternoon from Los Angeles. If there is one thing you watch this week, make it this clip of Giannis Antetokounmpo talking about success and failure. It’s been a crazy week of news and I figured it was time for a mid-week edition. We should be back Sunday talking about the looming writers strike.

Three things you need to know

Walt Disney Co. has fired several high-ranking executives in its streaming division as Chief Executive Officer Bob Iger looks to cut $5.5 billion in costs at the entertainment giant and improve the performance of its flagship streaming service.