Charter Communications On Status Of Distribution Deal: Says Disney Declined Company's Proposal, Pulled Its Video Channels From Charter's Video Customers On August 31
Portfolio Pulse from Benzinga Newsdesk
Charter Communications has announced that Disney declined the company's proposal for a distribution deal and pulled its video channels from Charter's video customers on August 31.
September 01, 2023 | 11:47 am
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NEUTRAL IMPACT
Disney declined Charter Communications' distribution deal proposal and pulled its video channels from Charter's customers.
While Disney's decision to decline the distribution deal with Charter Communications and pull its video channels may have a negative impact on Charter, it's unclear how this will affect Disney's stock in the short term. It could potentially lead to a slight decrease in revenue from the lost distribution, but Disney has many other distribution channels and partnerships.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Charter Communications' distribution deal proposal was declined by Disney, leading to a loss of Disney's video channels for Charter's customers.
The rejection of Charter Communications' proposal by Disney could lead to a decrease in the value of Charter's stock in the short term due to the potential loss of customers who were attracted by Disney's video channels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100