Mass media and entertainment giant The Walt Disney Company (NYSE: DIS), popularly known as Disney, has laid off its top executive Peter Rice, The Wall Street Journal stated in a report. Shares of Disney slipped 3.7% on Thursday, but the fall can be attributed to wider market concerns. Details of the Change Peter Rice was the Chairman of General Entertainment Content at Disney. He will be replaced by Dana Walden, Rice's longtime deputy and a former Fox executive. Before Disney, Walden was in charge of the television studio and broadcast network at Fox.
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