Disney's streaming chief to exit under company revamp

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Disney's streaming chief to exit under company revamp
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In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen.

's streaming entertainment unit, is leaving the company after six years under an ongoing restructuring by Chief Executive Bob Iger, a Disney statement said on Wednesday.

Iger is restructuring Disney and promised to cut $5.5 billion in costs to make the company's streaming business profitable.

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