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Bailey's exit has sparked speculation about internal dissatisfaction, strategic disagreements, or a response to the studio's recent struggles with its remakes. Notably, some industry insiders initially rumored that Bailey might be moving to Netflix, but it appears he is simply leaving Disney altogether.
Leadership Reorganization and New Appointments
In the wake of Bailey's departure, Disney announced that David Greenbaum, co-president of Searchlight Pictures, would assume the newly created role of President of Disney Live Action and President of 20th Century Studios. Greenbaum will report directly to Disney Entertainment Co-Chairman Alan Bergman and will oversee Disney’s live-action film ventures moving forward.