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Stock impact report

Burke to replace Dungey as ABC Entertainment chief [Reuters]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Reuters
Burke to replace Dungey as ABC Entertainment chief | Reuters 2 Min Read (Reuters) - Karey Burke will replace Channing Dungey as president of Walt Disney’s ( DIS.N ) ABC Entertainment, the company said on Friday. Burke is currently head of original programming for Disney’s cable channel Freeform. Dungey, the first African-American to lead a U.S. broadcast network, will stay through a transition period as Burke assumes her new role. “I’m excited to tackle new challenges,” Dungey said. Disney is trying to transform itself into a broad-based digital entertainment company as audiences move to Netflix Inc ( NFLX.O ), Alphabet Inc’s ( GOOGL.O ) YouTube and other digital options. Disney is also on the verge of gaining new film and television properties from its purchase of assets from Twenty-First Century Fox Inc ( FOXA.O ) for $71.3 billion. After the completion of the Fox deal, Burke will report to Dana Walden, chairman of Disney Television Studios and ABC Entertainment, the company Show less Read more
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