Walt Disney Co. has swept its subsidiary Maker Studios into a new area within its digital consumer products and interactive media division.
The multichannel network will be led by Andrew Sugerman, the executive vice president of the division’s content & media area, reports Variety. The reorganization was done in order to merge competing digital departments within Disney.
“Merging Maker Studios with Content & Media allows (the digital consumer products and interactive division) to continue to expand audiences – across both physical and digital content,” Courtney Holt, the outgoing head of Maker, said in an internal memo. “And, by taking a broader digital content offering to market, we can truly differentiate ourselves to advertisers and distribution platforms.”
Maker laid off about 30 employees in July for what it called “strategic adjustments.”
Send tips on L.A. tech companies and startups to reporter Garrett Reim via [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.