The new site will also include entertainment news from US Weekly Magazine, which is 50% owned by Walt Disney in a joint venture with Rolling Stone publisher Wenner Media.
The company said it expects to realise some cost savings with the new site, since most of the content and site operations will be consolidated in Los Angeles. Mr Showbiz and Wall of Sound are currently based in Seattle. "A few key positions will be relocated from Seattle to Los Angeles," the company said in a statement.
Dick Glover, Walt Disney's executive vice-president of internet media, said, "Our objective with the new site is to take full advantage of all the resources of ABC, the Walt Disney Group and Disney's new relationship with US Weekly.
"We will now be able to operate more efficiently while offering consumers and our advertising and marketing partners more of the quality content they have come to expect," he said.
The move is part of the Walt Disney Internet Group's plans to focus operations on its core brands -- Disney, ABC and ESPN. At the end of January, the company announced it was laying off 400 staff at its internet division and winding down its Go.com portal.