The largest media and entertainment conglomerate of the world, The Walt Disney Company, is set to restructure its India operations under the aegis of new managing director Mahesh Samat. Noticeable Samat has rejoined the company this October after a gap of four years.
Under Samat, the company has been working towards the new lean structure, that is more aligned to the international organisational set-up. Disney India will now focus on its core strengths – Hollywood films and consumer products business.
The Hindi film production business has been suspended after suffering major losses. Moreover, two top level executives from the India leadership team, Nikhil Gandhi (head of revenue – media networks) and Sameer Ganapathy (head of interactive) have called it a quit.
Also, according to multiple sources in the company, Disney India will retrench its workforce and trim it down to 350 people in the next two months, from the current strength of 680 people.
Globally, Disney has merged their consumer products business with interactive and is now headed by one person. The Indian consumer products business is headed by Abhishek Maheshwari, while Ganpathy headed interactive business.