Disney to Close 100 International TV Channels in Streaming Shift
- Announcement follows shutdown of 30 networks last year
- CEO Bob Chapek makes remarks at JPMorgan media conference
Walt Disney Co. plans to close 100 of its international TV channels this year as it marches toward a future where streaming services such as Disney+ are front and center.
Chief Executive Officer Bob Chapek, speaking Monday at JPMorgan Chase & Co.’s technology and media conference, said the closures come in addition to the 30 foreign networks the company shuttered last year.