Walt Disney's (DIS) President of Production, Sean Bailey, has stepped down after 15 years in the role. However, he is not leaving Disney entirely and will transition to a producer position instead. Bailey will be replaced by David Greenbaum as Disney merges two of its film divisions amid an ongoing board proxy battle. Yahoo Finance's Alexandra Canal breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Walt Disney's (DIS) President of Production, Sean Bailey, has stepped down after 15 years in the role. However, he is not leaving Disney entirely and will transition to a producer position instead. Bailey will be replaced by David Greenbaum as Disney merges two of its film divisions amid an ongoing board proxy battle.
Yahoo Finance's Alexandra Canal breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
The Wall Street Journal
“We need to deliver on expectations from developers and gamers and continue to propel future technology in gaming, so we took a step back to ensure we are set up to continue bringing the best gaming experiences to the community,” Sony said in a statement. + Microsoft laid off about 8% of its videogaming staff, cuts that it said largely reflect redundancies from its October acquisition of Activision Blizzard. + Unity Software, a maker of tools for creating videogames, and Riot Games, a developer known for its League of Legends franchise, also reduced their work forces. + Last year, Epic Games, Electronic Arts and others also announced layoffs.
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