With Comcast planning to spin out NBCUniversal cable networks and Warner Bros. Discovery positioning itself to do the same, Disney CEO Bob Iger said the company may or may not join an anticipated move towards consolidation since its linear business is doing just fine.

"I won't rule out the possibility some of the smaller networks in some form or another being configured differently," he told analysts on Wednesday The post Bob Iger Says Disney’s Linear Networks Are ‘Not a Burden at All’ appeared first on TheWrap.

Walt Disney sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, with results buoyed by the strong holiday box office performance of animated sequel "Moana 2" and higher profits at the company's streaming business.

Disney (NYSE:DIS) reported its first quarter earnings on Wednesday, showing a profit on its streaming segment while its parks business took a hit from two back-to-back hurricanes, together with greater investment in its cruise ships.