'Disney Technology Executive Aaron LaBerge To Leave Company For Personal Reasons; Transitions To A Role At Penn Entertainment ' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Aaron LaBerge, the CTO of Disney Entertainment and ESPN, is set to leave Disney for personal reasons and will join Penn Entertainment as CTO. His departure continues the trend of veteran executives leaving Disney. LaBerge has played a crucial role in developing Disney's streaming services, including the integration of advertising into Disney+ and the unification of Hulu and Disney+ into one application. His move to Penn Entertainment, where he will drive the technology strategy for ESPN Bet and other interactive divisions, is seen as a continuation of his contributions to Disney and ESPN. A search for his replacement is underway, with Chris Lawson stepping in as interim CTO.
April 22, 2024 | 5:49 pm
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POSITIVE IMPACT
Aaron LaBerge joining Penn Entertainment as CTO is expected to bolster the company's technology strategy, particularly for ESPN Bet and its interactive division, potentially positively impacting investor sentiment.
LaBerge's transition to Penn Entertainment is likely to be viewed positively, given his track record with Disney's streaming services. His expertise could significantly contribute to Penn's technology strategy and innovation, potentially driving positive investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80
NEGATIVE IMPACT
Aaron LaBerge's departure from Disney marks another significant exit among the company's veteran executives, potentially impacting investor sentiment and the company's ongoing streaming service developments.
LaBerge's departure is significant due to his role in developing Disney's streaming services and technology strategy. His exit may raise concerns about continuity in leadership and innovation at Disney, potentially affecting investor confidence and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80