Overview

• Bob Iger stated that Disney’s linear TV networks are not a financial burden and remain assets to the company, despite industry trends shifting toward streaming.
• Disney reported flat domestic linear TV revenue and operating income in its fiscal first quarter, while streaming profits improved significantly year-over-year.
• Iger hinted at potential reconfigurations or sales of smaller networks but confirmed no immediate plans to divest major linear TV assets like ABC or FX.
• Disney plans to launch a direct-to-consumer version of ESPN, codenamed Flagship, in fall 2025, featuring advanced features like fantasy sports integration, betting tools, and e-commerce options.
• Disney’s acquisition of a controlling stake in Fubo will merge it with Hulu + Live TV, creating the second-largest virtual multichannel video provider in North America.