Wednesday, February 23, 2011

Disney Internet CTO starting new Seattle venture

Bud Albers, a veteran digital media executive, is leaving Disney Internet Group to start a new company in Seattle.

Albers spent three years as chief technology officer of the Seattle-based group, which runs a vast technology platform used by Disney, ABC and ESPN.

Earlier, Albers was CTO at drugstore.com, Getty Images and MediaNet Digital, where he worked on the launch of music services including Zune, MTV's Urge and Yahoo Music Unlimited.

Now he's "just looking for something new and exciting," he said.

Albers said it's too early for him to discuss the business he's starting but it sounds as if it will involve digital media convergence.

It's also going to be located in Seattle, where the Missouri native is settled with his family.

"If you're going to start something I cant think of a better place do it," he said.

Albers' departure comes as Disney's interactive media group is cutting costs to restore profitability. That's led to layoffs, including the closure last month of a 70-person game studio in Vancouver, B.C.

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