The Disney-Charter deal reshapes cable and streaming TV landscape.
Originally Published 2 years ago — by Yahoo Finance
Disney and Charter have reached an agreement to end their carriage dispute, with Charter offering select Disney streaming services as part of its cable packages at no additional cost to consumers. Analysts see this deal as a win-win for both companies and a step towards a fully streaming future. Charter's focus on offering more bundles and Disney's plans to take ESPN fully over the top as a direct-to-consumer streaming service were incentives for the agreement. Disney stands to gain additional revenue of about $400 million to $500 million annually, assuming the addition of roughly 12 million subscribers through Charter. However, Disney did give up several networks in exchange for strong rate increases for ESPN.
