Future of Charter Communications Amid Disney Programming Dispute: Analyst Weighs
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating for Charter Communications Inc (NASDAQ:CHTR) with a $575 price target. The current stock price reflects the uncertainty surrounding the programming dispute and carriage blackout with Walt Disney Co (NYSE:DIS). Harrigan suggests a combination of Charter and Disney could allow for skinny bundles without sports and include AVOD services in the overall bundle. The dispute could benefit virtual MVPDs, including Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV, Hulu+ Live TV controlled by Disney with Comcast Corp (NASDAQ: CMCSA) negotiating an accelerated and favorable exit, and FuboTV Inc (NYSE: FUBO).
September 08, 2023 | 7:21 pm
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POSITIVE IMPACT
FuboTV Inc could benefit from the dispute between Charter Communications and Disney, as Charter is directing sports customers to Fubo.
The dispute between Charter Communications and Disney could drive more viewers to FuboTV, potentially boosting its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet Inc's YouTube TV could benefit from the dispute between Charter Communications and Disney.
The dispute between Charter Communications and Disney could drive more viewers to Alphabet's YouTube TV, potentially boosting its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Charter Communications' stock price reflects the uncertainty of its dispute with Disney. The company could potentially pivot to broadband, mobile, and business services.
The ongoing dispute with Disney could impact Charter's stock price. However, the company's potential pivot to other services could mitigate this impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Comcast Corp is negotiating an accelerated and favorable exit from Hulu+ Live TV, which could be impacted by the dispute between Charter Communications and Disney.
The dispute between Charter Communications and Disney could impact Comcast's negotiations for an exit from Hulu+ Live TV.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Disney is facing significant share price and performance pressure due to the dispute with Charter Communications. The company stands to lose $2.2 billion in carriage fees.
The dispute with Charter Communications could significantly impact Disney's share price and performance, with potential losses in carriage fees.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100