BlockBeats News, August 15th, Disney's new CEO, Bob Chapek, stated that the company's streaming service Disney+ is key to Disney's future development.

Chapek said, "We have a streaming business, we have scale, so we have already built a direct relationship with the consumer. We can integrate data at a technological level and begin to communicate with consumers with one voice."

He mentioned that Disney's streaming platform will create a "seamless user experience" to increase fan long-term value and shareholder return. He said, "If we do streaming well, and we have proven that we can, there is a huge opportunity here."