Disney is implementing major changes to its streaming platforms, consolidating Hulu into Disney+ and launching a standalone ESPN service. The media conglomerate is merging existing services, adjusting content distribution and renegotiating sports partnerships as it adapts to

Disney's profit and revenue climbed in its fiscal third quarter based on the strength of the entertainment company's streaming service and domestic theme parks.

The National Football League will sell most of its media businesses to Walt Disney Co. in exchange for a 10% stake in the ESPN sports networks, deepening the ties between the league and one of its top broadcast partners.