Disney retreats to streaming.

Dammit, I liked movie theaters. I went multiple times a year to movies and bought generously of the concession stands, too. I’d even shell out for promotional items, because I knew that every little bit helps and I enjoyed my local Regal Theater. But the writing’s on the wall:

Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s media business.

On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and Disney+.

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