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Walt Disney Co.

Disney is merging its interactive and consumer products units

Disney is merging its interactive and consumer products units

Walt Disney Co. is merging its interactive and consumer products divisions in response to "changing consumer preferences in a marketplace increasingly influenced by technology," the Burbank company said Monday. The new unit, Disney Consumer Products and Interactive Media, will report financial results as a combined division starting in fiscal 2016, which begins in September. It will be run by Leslie Ferraro, who last month was named president of Disney Consumer Products; and Jimmy Pitaro, who has led Disney Interactive since 2010. Ferraro and Pitaro will be co-chairs of the new division. There are not expected to be any layoffs...

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