Here's what top Disney execs told employees about its major streaming leadership shake-up

Disney announced a major leadership shake-up in its streaming business. Product and tech chief Adam Smith was promoted to head of Disney's direct-to-consumer business after previously sharing the role with Joe Earley, who is moving to the TV side. Smith will continue to work closely with film chief Alan Bergman and chief creative officer Dana Walden. Memos from Smith and Walden to employees provided insight into the company's thinking on the changes.

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