Here's what top Disney execs told employees about its major streaming leadership shake-up

Disney creative chief Dana Walden and new DTC chairman Adam Smith sent memos to staffers about leadership changes. Tommaso Boddi/Getty Images for UCLA Jonsson Cancer Center Foundation; The Walt Disney Company Disney promoted product and tech chief Adam Smith to head of the streaming business. Smith was the co-president of streaming with Joe Earley, who's moving over to the TV side. Read the memos about the leadership changes from Smith and creative chief Dana Walden. Disney unveiled a major leadership shake-up , and a pair of memos to employees shed some light on the company's thinking. Product and tech chief Adam Smith has been promoted to the head of Disney's direct-to-consumer business, after previously sharing the role with Joe Earley, the company announced on Thursday.