walt disney co dis is exploring options for its portfolio of tv networks marking its focus on film studios theme parks and streaming ceo bob iger mentioned that the company is considering strategic partnerships for espn with the likelihood that its premium sports programming will eventually shift entirely to streaming the financial times reports iger was obvious that the linear tv assets are for sale said rich greenfield an analyst at lightshed partners igers statement follows a recent interview with cnbc where he mentioned that linear tv might no longer be a core aspect of disneys focus while disneys streaming services showed reduced losses of over 500 million in the quarter its traditional tv networks experienced declining sales and profits due to cordcutting and a challenging advertising market despite missing revenue forecasts of 224 billion in q3 diluted earnings of 103 a share exceeded expectations of 96 cents causing a more than 4 rise in afterhours trading iger aims to achieve profitability for disneys streaming business by the autumn of 2024 the number of disney subscribers fell to 1461 million attributed to the indian business losing streaming rights to indian premier league cricket matches disneys theme parks saw a 13 rise in revenue to 83 billion with shanghai disney leading growth after covid19 closures operating income decreased at us parks due to declines at disney world in florida iger expressed commitment to resolving the issues that have led to strikes among hollywood actors and writers aiming to maintain strong relationships with the creative community price actions dis shares traded higher by 138 at 8870 premarket on the last check thursday disclaimer this content was partially produced with the help of ai tools and was reviewed and published by benzinga editors