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Disney cut.

Disney Cut: The Walt Disney Co. announced that it plans to eliminate as many as 650 studio positions worldwide as it repositions itself to focus on Disney branded movies.

Disney also announced a consolidation of its global marketing and distribution into Buena Vista Worldwide Marketing

and Distribution, and Buena Vista Worldwide Home Entertainment. Under the new plan, the studio will produce and distribute approximately 10 Disney live-action and animated films a year and two to three Touchstone films a year. Nina Jacobson is also out as president of the Walt Disney Motion Pictures Group, replaced by Mark Zoradi, who will also oversee the distribution and marketing of Disney and Touchstone Pictures films worldwide. Robert Chapek has been named president, Buena Vista Worldwide Home Entertainment, and will manage the worldwide distribution and marketing of all the Studio's films on Home Entertainment platforms.

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