(Reuters) — Walt Disney’s top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance, the companies said on Monday.
Mayer led the successful launch of the Disney+ streaming service in November but in February was passed over as Disney’s new chief executive.
Mayer’s appointment will be effective June 1, when he will also become chief operating officer of ByteDance, the Chinese company said.
Speculation over Mayer’s future began swirling in February after Disney named Robert Chapek as chief executive officer.
“Any company in our sector would be delighted have him onboard.”Under Mayer’s leadership, Disney+ collected more than 50 million subscribers in five months.

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