Disney's (NYSE: DIS) goal of dominating the streaming video market just got more complicated. The leader of its direct-to-consumer division, Kevin Mayer, resigned on Monday and is taking over as the CEO of TikTok. Mayer helped launch the successful Disney+ service and had also been responsible for the entertainment giant's international media portfolio. His most recent stint with Disney goes back to 2005 . Disney's steaming segment was a bright spot in its latest earnings report, which showed sharp sales declines in the parks division and falling profits at its theater segment. The Disney+ segment, in contrast, saw sales jump to over $4 billion from $1.1 billion a year ago as consumers turned to digital entertainment during the early stages of the pandemic. In a press release in early May, executives credited the "extraordinary response to Disney+" as proof that the company maintains a deep portfolio of highly relevant entertainment assets . Image source: Getty Images. Yet Mayer is leaving that division to head up TikTok, a Chinese-owned app for sharing short videos. Usage on that network has also surged since the COVID-19 pandemic, with downloads reaching 11 million in the U.S. just during the month of March. 10 stocks we like better than Walt DisneyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walt Disney wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Demitrios Kalogeropoulos owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney and recommends the following options: long January 2021 $60 calls on Walt Disney and short July 2020 $115 calls on Walt Disney. The Motley Fool has a disclosure policy.Source