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Story summary
- Disney announced it will keep its linear TV channels—ABC, FX, Disney Channel and Freeform.
- CEO Josh D’Amaro and CFO Hugh Johnston said the channels will act as studios, citing 2024 hits “Shogun” and “The Bear.”
- Johnston reported streaming revenue now exceeds linear revenue by more than double, while linear earnings shrink quarterly.
- He said separating monetization platforms into separate businesses would be complex and unlikely to add shareholder value.
