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Disney confirms no plans to sell or spin off linear TV networks despite industry shifts

Company Fundamentals
06 May 2026
Deadline
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Bullish
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Disney CFO Hugh Johnston reaffirmed on an earnings call that the company has no intention to sell or spin off its linear TV networks, despite industry trends and recent moves by competitors like Comcast and Warner Bros. Discovery. This statement follows comments by former CEO Bob Iger suggesting linear networks might not be core assets, which he later clarified. Disney's Entertainment division, powered by streaming services Disney+ and Hulu, reported strong earnings, with streaming revenue now exceeding linear TV revenue. ESPN remains a key part of Disney's strategy, especially in live sports, though its monetization transition is ongoing. Disney views its linear networks as valuable brands producing content monetized across multiple platforms, and sees no added shareholder value in separating these businesses.

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