The Walt Disney Company is seeing another shift in its corporate leadership. The company announced how their streaming executive, Kevin Mayer, is leaving Disney. Mr. Mayer is departing because he is assuming a new corporate role elsewhere as the CEO of ByteDance, which is the Chinese company that owns TikTok.
TikTok is an app used for creating short videos and the popularity of the social networking grew during the global pandemic. According to app data firm Sensor Tower, the TikTok app has been downloaded about 1.9 billion times worldwide. For the first quarter in 2020, the app was downloaded 307 million times, which is more downloads than any other app for the quarter.
When asked why he was leaving Disney, Kevin Mayer replied, “I was happy with my job at Disney. The magnitude of this opportunity was just something I couldn’t pass up.” Mr. Mayer says that music and gaming are two possible expansions he’d like to explore for the future of TikTok.
He did achieve phenomenal success with Disney’s streaming service. Back in April, The Walt Disney Company celebrated crossing 50 million subscribers on Disney+. Since the announcement, the Walt Disney Company has named Rebecca Campbell as the new corporate leader of the Disney+ streaming service.
Source: New York Times