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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.
“The great majority of that content will migrate to Disney+,” Chapek said. “That continues to be a core strategy for us as we pivot toward direct-to-consumer.”
The company’s purge of networks last year included the Disney Channel in the UK, part
