Disney Comes To The Rescue, Ensuring US Open Broadcast Amid Cable Blackout
Portfolio Pulse from Ramakrishnan M
The Walt Disney Company (NYSE:DIS) has intervened in a cable blackout crisis during a dispute with Charter Communications, ensuring the broadcast of the U.S. Open tennis matches. Approximately 15 million U.S. pay-TV customers were unable to access Disney networks, including ESPN, due to a fee dispute with Charter. This comes amidst reports of Disney's restructuring and a potential sale of its ESPN cable sports channel.
September 06, 2023 | 12:25 pm
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NEUTRAL IMPACT
Disney's intervention in the cable blackout crisis could be seen as a positive move, demonstrating its commitment to its customers and its sports programming. However, the ongoing dispute with Charter and potential sale of ESPN could create uncertainty for investors.
Disney's intervention in the cable blackout crisis shows its commitment to its customers and its sports programming, which could be seen as a positive by investors. However, the ongoing dispute with Charter and the potential sale of ESPN could create uncertainty, which could have a neutral to negative impact on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100