Disney focuses more on streaming business

Disney said Monday it is reorganizing its business units to focus even more on streaming.

The company said in August that its Disney Plus service has more than 60 million subscribers, and subscribers to its main combination of streaming services — Disney Plus, ESPN Plus and Hulu — top 100 million. It still plans to launch another international streaming service called Star.

The coronavirus pandemic has hit box-office revenue by closing many theaters and Americans continue to drop their cable subscriptions, affecting the company’s TV networks.

So the company is creating three content arms, one each for sports, general entertainment and famous brands including Star Wars and Marvel. Their primary focus will be on making shows and movies for streaming services, Disney CEO Bob Chapek said in a statement.