The media giant is simplifying its direct-to-consumer offering -- and taking away a closely watched measure of its success.

Disney Plus hosts an expansive archive of the studio’s films, from early animations to modern blockbusters, but one title from the 1940s remains conspicuously missing.

The most coveted CEO shoes to fill in America belong to Bob Iger, who will announce the eighth person to run Disney next year. Much of the chatter has focused on internal candidates, but David Lidsky ...