Jim Cramer Thinks Disney’s Reorganization Is Focused on ‘Getting Rid of ESPN’

Walt Disney is undergoing a major reorganization.

The company, on Monday, said that it’s reorganizing its media and entertainment businesses and named Kareem Daniel as Chairman, Media and Entertainment Distribution.

The company said in a news release the move would accelerate its direct-to-consumer strategy.

A newly centralized distribution group will oversee commercialization and distribution of all content globally.

Daniel will report to Bob Chapek, chief executive officer of Disney. “Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies,” Chapek said in the statement.

Daniel has held leadership positions across a variety of businesses, including consumer products, games and interactive experiences, publishing, studio distribution, and Walt Disney Imagineering, according to the statement.

Content creation will be managed in three groups: Studios, General Entertainment and Sports. “The company’s three content groups will be responsible and accountable for producing and delivering content for theatrical, linear and streaming, with the primary focus being the company’s streaming services,” according to the statement.

Jim Cramer weighs in on Disney’s reorganization and his thoughts on ESPN in the video above.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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PlayStation Creator Is Now Focused On Robotics, Autonomous Driving

The creator of the original PlayStation console is back to make new machines, though they probably aren’t what you’d expect. Ken Kutaragi has moved from video games to robots, and he aims to help human workers with factory jobs.

Speaking to Bloomberg, Kutaragi explained that as CEO of Ascent Robotics, a company founded in 2016, he is not receiving a salary and wants to solve problems caused by the pandemic.

“The COVID-19 outbreak has turned the old argument about robots taking our jobs on its head,” he said. “It’s pretty clear now that if we want to arrive at a new normal, we need more and more robots in our daily lives.”

Increased automation has certainly been a concern across numerous industries, with machines taking the place of cashiers, assembly workers, and even cooks. With the pandemic putting peoples’ lives at risk, however, at least a temporary increase in automation may be necessary. The machines working alongside humans could reduce person-to-person contact which would in turn limit chances for the virus to be transmitted.

In Kutaragi’s case, he’s aiming to create new technology related to autonomous driving and more traditional robotics, including an arm that can pick items out using a camera.

Kutaragi left his position at Sony in 2007, the year after it launched the PlayStation 3. He had served as chairman and CEO of Sony Computer Entertainment (now Sony Interactive Entertainment), and was succeeded by Kaz Harai, arguably a more recognizable figure who has spawned countless memes. Harai went on to lead all of Sony as CEO for several years. The PlayStation brand is still strong, of course, with the PS5 due to launch next month.

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Bethel Woods Releases Fall Programming Focused On Coming Together While Apart

Outdoor Dining, Socially-Distant Exhibits, and Wellness Series Included in List of Upcoming Events.

Bethel Woods Releases Fall Programming Focused On Coming Together While Apart

Nonprofit cultural organization Bethel Woods Center for the Arts opened its museum doors mid-July, and today announced a full calendar of programming through the fall at the historic site of the 1969 Woodstock festival. Collaborating with local partners, events will continue to emphasize The Center’s commitment to health, wellness, and shared experiences, despite circumstances changing a typical programming schedule.

The expansion of the Big Eddy Film Festival brings two nights of film screenings to the Center’s outdoor, picturesque Terrace Stage. Produced by Delaware Valley Arts Alliance of Narrowsburg, NY (DVAA), the Big Eddy Film Festival aims to advance the traditional art of storytelling by showing the newest and best independent films from around the world and the local area. “Now more than ever, we value collaboration and partnerships with neighboring organizations that seek to provide opportunities for our mutual audiences,” said Eric Frances, CEO, Bethel Woods Center for the Arts. “We are thrilled to share our space with a likeminded organization like DVAA and look forward to welcoming the community for a weekend of film and culture in a safe environment,” he continued.Friday, September 25: Jimmy Carter Rock & Roll President
This new documentary chronicles the relationship that music played in Carter’s early life, his campaign for the White House, and his term as the 39th President of the United States.Saturday, September 26: Gossamer Folds
Ten-year-old Tate develops a strong bond with his transgender neighbor Gossamer in this heart-felt drama set in 1980s Missouri.Bethel Woods also continues to offer outdoor, socially-distant dining experiences in the open-air Market Sheds. Following a launch earlier in the summer that guests described as having “…good food in a place whose history and soul is powerfully tangible,” the More Than A