Disney plans to sell more movies and TV shows to competitors

CTOnews.com, Feb. 5 (Xinhua)-- Walt Disney (Walt Disney) is exploring selling more movies and TV shows to competitors, amid increasing pressure to rein in losses in its streaming TV business, Bloomberg reported.

The entertainment giant is looking to make more money from its content library, according to people familiar with the matter. The move will represent a shift in strategy, as Disney has been trying to keep most of its original programming exclusively on Disney + and Hulu streaming services in recent years.

A Disney spokesman declined to comment.

Last November, Robert Iger returned to Walt Disney as chief executive. CTOnews.com learned that Robert Iger had previously told the company's staff meeting that he would put creativity first and would pursue profitability rather than increasing the number of subscribers to Disney's streaming service.