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Benzinga
  • 2 years ago
Sean Bailey is stepping down as president of Walt Disney Motion Picture Productions after over 15 years. He oversaw successful live-action remakes that earned an estimated $7 billion globally. However, recent films like Haunted Mansion and Jungle Cruise underperformed. David Greenbaum, head of Disney's Searchlight Pictures, will replace Bailey as president of Disney Live Action and 20th Century Studios. Greenbaum was involved in Poor Things which received 11 Oscar nominations. The leadership shakeup comes as Disney faces pressure from investor Nelson Peltz to improve performance.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 John Bailey is stepping down as president of Walt Disney Motion Picture Productions after over 15
00:07 years. He oversaw successful live-action remakes that earned an estimated $7 billion globally.
00:12 However, recent films like Haunted Mansion and Jungle Cruise underperformed.
00:16 David Greenbaum, head of Disney's Searchlight Pictures, will replace Bailey as president of
00:20 Disney Live Action in 20th Century Studios. Greenbaum was involved in Poor Things,
00:25 which received 11 Oscar nominations. The leadership shakeup comes as Disney faces
00:30 pressure from investor Nelson Peltz to improve performance. For all things money visit Benzinga.com
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