Our former structure severed that link, and must be restored.

Walden and Bergman, who is Chairman of Disney Studios Content, overseeing the film side, become Co-Chairmen.

Bergman was elevated to Disney Studios Content Chairmanin December 2020, reporting into Chapek.

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Dana Walden & Alan BergmanDisney/Getty

He previously served as Co-Chairman with Alan Horn starting in 2019.

Prior to 2019, he served as the President of the Walt Disney Studios for 14 years.

Disney led all studios at the worldwide box office in 2022 with $4.9 billion.

Disney layoffs

Anthony DAlessandro contributed to this report.