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Disney shakes up streaming management, forms new international content hub

Disney said that it is "shaking up its streaming management and forming a new hub for international content creation" as the company "searches for further growth amid intense competition," according to Will Feuer of the WALL STREET JOURNAL. The company yesterday named MICHAEL PAULL to the newly created role of President of Disney Streaming, in which he will "oversee Disney+, Hulu, ESPN+, and Star+ globally." Paull, who previously oversaw Disney+ and ESPN+, will report to Chair of Media & Entertainment Distribution Unit KAREEM DANIEL. The company said that REBECCA CAMPBELL will "oversee Disney’s new international content hub" and "report directly" to CEO BOB CHAPEK. The exec reshuffling puts in place the leaders "charged with Disney’s highest priority -- streaming" -- and is among the "first major personnel moves" made by Chapek since he became the sole leader of Disney. Along with the new international hub, Disney yesterday said that it is "investing in the creation of original local and regional streaming content internationally," with more than 340 titles "already in various stages of development and production" (WALL STREET JOURNAL, 1/20).

PAY RAISE: In L.A., Ryan Faughnder notes Chapek’s compensation increased to $32.5M during his second year as CEO, as the company "returned to doling out non-stock bonuses to its top leaders." Chapek’s pay package for FY '21 "more than doubled" the nearly $14.2M he earned during the prior year. His compensation last year "included a $14.3-million bonus, on top of his salary of $2.5 million, which was up from his $1.81 million base pay" in '20. Chapek also was "granted stock awards" totaling $10.2M and "options valued at" $3.75M. Former Exec Chair BOB IGER "took in more pay" than Chapek last year," earning $45.9M in '21 compared with $21M for the prior year. He "pocketed a salary" of $3M, plus a $22.9M "bonus." His stocks and options were $18.8M, while other compensation equaled $1.21M (L.A. TIMES, 1/20).

SBJ Spotlight: TikTok’s threat to traditional sports media

While tech companies are consumed with finding ways to compete with TikTok, almost no one in conventional media “spends any time talking about it,” said Recode senior correspondent Peter Kafka in an Spotlight interview with SBJ’s John Ourand. “To me, that’s just an obvious disconnect.” Kafka authored a recent column headlined, “It’s TikTok’s world. Can TV live in it?” He said the main response to TikTok’s growth from traditional media execs has been to “punt and hope it’s someone else’s problem a quarter from now or two years from now.” But Kafka said that ignores the trend of conventional broadcast audiences growing older while a billion younger consumers spend most of their media time watching short video after short video. “If you’re in the business of getting anyone under the age of 30 to look at what you’re putting on a screen, you have to think about the fact that you’re probably asking them to put down TikTok and watch your thing instead,” said Kafka. “That’s a very difficult ask. … [TikTok] is insanely addictive.”

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