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 morning after the Walt Disney Co. and the NFL formally announced their blockbuster equity-for-assets swap, Bob Iger told investors the deal may well be the biggest thing to hit ESPN in nearly 40 years.

Under terms of the deal, ESPN will merge its fantasy football properties with those from the league. The NFL will continue to The NFL will continue to operate properties such as NFL Films and the NFL+ subscription streaming outlet, as well as official sites for the league’s 32 clubs. The NFL retains the rights to distribute NFL RedZone digitally.