Oct 18 (Reuters) – Walt Disney (DIS.N) will escape its sports activities programming income from the fourth quarter onwards following a restructuring of the corporate introduced earlier this yr, the media agency stated on Wednesday.

Results from Disney’s media and leisure enterprise might be reported in two segments: leisure and sports activities.

Sports will embrace ESPN and ESPN+, Star-branded sports activities channels in India, and charge earned from licensing sports activities content material, whereas the leisure section will embrace its linear networks, streaming companies, and income earned from licensing movies and tv content material.

The firm additionally revealed historic outcomes based on the brand new section classification for the primary 9 months via July 1, 2023, in addition to for its fiscal years 2022 and 2021.

The transfer comes as Disney scouts strategic companions for its sports activities community ESPN. It can also be exploring the sale of a few of its property in India, Reuters reported in July.

The firm in February introduced a sweeping restructuring that created three inside items and included trimming the corporate’s workforce by almost 4%.

Disney final modified its reporting construction in 2020.

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