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With previous CEO, Bob Iger, back at the helm beginning from November last year, Disney is in the midst of a major reorganization of the company.
It’s been a particularly difficult period for many of the major media companies in the last twelve months or more, and for Disney, the hits keep coming.
Fifty people have lost their jobs as Disney disbands its next-generation storytelling and consumer experiences unit as part a company-wide staff reduction.
The company is seeking legal counsel to help it navigate crypto, NFT and DeFi regulations as it expands its web3 efforts.
Polygon (MATIC) enjoyed a breakout session on Wednesday, with support from the broader market and a Walt Disney announcement delivering support.