Mr. Sherwood has told staffers the unit has to “transform into a 21st century broadcaster” and learn to do more with less, according to an executive.
This attitude should be a tad worrying for those working in that industry. In this day and age, it seems one has to make his or herself very invaluable very fast or face minimum wage/unemployment.
It's also curious that channels owned and ran by the Walt Disney Co. such as The Disney Channel, ABC, and Freeform have lost a considerable amount of viewership from their target demographics as of late. Sure, this can be credited to streaming services like Netflix and Amazon Prime, but it also seems that Disney has been struggling for a while now with generating original shows that grab the attention of the masses. There's a chance I might be biased considering I grew up in an era with amazing creations like Kim Possible and Phil of the Future, but either way, new content from ABC and Disney Channel in the last several years has been subpar to say the least and ratings are reflecting that.
Perhaps Disney's newly announced plan for their own streaming platform will be a rousing success and help regain some of their lost revenue.