Disney Veterans to Invest in Digital Fitness Firm

Los Angeles Times: Former prominent Disney executives Kevin Mayer and Tom Staggs are folding their $300-million investment vehicle into Beachbody, an at-home health and fitness company. The two executives are betting that digital apps and streaming platforms have become potent lifestyle brands. Beachbody has 2.6 million subscribers who pay $29 a month to stream workouts and gain access to weight-loss plans, coaching and nutrition plans.