Cable giant Charter Communications and Disney reached an agreement ending a blackout of ESPN for millions of pay-TV customers, the Wall Street Journal reported, hours before the sports network’s first broadcast of the new NFL season’s Monday Night Football.
The agreement will restore popular Disney channels including ESPN and ABC to Charter’s 14.7 million customers, the newspaper reported, citing people with knowledge of the matter.
The channels had been off the air for Charter customers for more than a week as a result of a fee dispute between the companies.
CNBC also reported on the deal, saying that it includes a discounted wholesale price for Disney+ access as well as a marketplace increase for Disney.
The resolution, as reported by CNBC, “would be a win for both companies but more importantly would preserve the status quo for content owners and the broader media ecosystem,” Bloomberg Intelligence analyst Geetha Ranganathan writes.
CHTR and DIS shares have bounced higher on the new erasing the decline since the blackout began...
Developing...
