Cable giant Charter Communications and Disney are currently engaged in a contract fee dispute, resulting in millions of people losing access to U.S. Open, college football, and potentially ”Monday Night Football” as the NFL season is set to begin soon.
Disney announced on Thursday that the two companies have been negotiating but have not reached a new agreement. As a result, Charter’s customers no longer have access to networks such as broadcaster ABC and pay-TV channels like ESPN and FX. Both Charter and Disney’s stocks have dropped more than 2% on Friday.
Charter’s Spectrum TV service has approximately 14.7 million customers across 41 states, with major TV markets including New York, Los Angeles, Dallas-Fort Worth, and Atlanta.
While battles over charter-engage-in-dispute-over-spectrum-blackout-and-streaming.html” title=”Disney and Charter engage in dispute over Spectrum blackout and streaming”>contract fees leading to blackouts for pay-TV customers are common in the industry, this particular dispute is unique in the streaming era.
“This is not your typical carriage dispute,” stated Charter CEO Chris Winfrey during a call on Friday with…
2023-09-01 14:58:34
Article from www.cnbc.com
rnrn