The comments come as Disney—along with other major media companies including Warner Bros. Discovery (WBD) (parent of HBO and Max), Comcast (CMCSA) (owner of NBC), and Paramount (PARA) (parent of CBS)—are all grappling with a shifting media landscape where streaming is rapidly eclipsing traditional television.

In 2023, Disney CEO Bob Iger hinted at the possibility of shedding the company’s linear TV networks, saying they “may not be core to Disney” anymore.