Key takeaways:
- Disney and Charter Communications have reached a multiyear content distribution deal that will restore access to ESPN and other premium channels for almost 15 million Spectrum cable customers.
- The agreement between Disney and Charter Communications is a major victory for both companies and their customers.
- The deal will ensure that millions of Spectrum customers will have access to ESPN and other premium channels, and sets a precedent for future negotiations between media companies and cable and satellite-TV operators.
On September 1, Disney channels went dark for Spectrum customers after the media giant and Charter, Spectrum’s parent company, failed to reach an agreement on carrier fees. After a long negotiation, Disney and Charter Communications have finally reached a multiyear content distribution deal that will restore access to ESPN and other premium channels for almost 15 million Spectrum cable customers.
The deal was finalized just hours before the Monday Night Football game between the New York Jets and Buffalo Bills on September 11, allowing millions of Charter cable customers to watch the game. Neither company disclosed the financial terms of the deal.
Robert A. Iger and Chris Winfrey, chief executives for Disney and Charter, issued a joint statement Monday that said their “collective goal” is to build a model for the future. The statement also noted that the deal recognizes the continued value of linear television and the growing popularity of streaming services.
The agreement between Disney and Charter Communications is a major victory for both companies and their customers. The deal will ensure that millions of Spectrum customers will have access to ESPN and other premium channels. It also sets a precedent for future negotiations between media companies and cable and satellite-TV operators.
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