Disney is looking at moving into free streaming, CEO Josh D'Amaro said, confirming a July report from Business Insider.

Hollywood sees YouTube as major competition, and per a new report, free tiers from streamers like Disney+ and Paramount+ might be the answer.

Disney CEO Josh D'Amaro tells investors the company is considering launching free streaming channels as he doubles down on the streaming biz.

While there were no launch announcements Wednesday, CEO Josh D'Amaro said it's "definitely something" the company is considering.

Disney could make some of its content free to watch.