Charter CFO Hails Disney Renewal as Triumph for Pay-TV Industry
Portfolio Pulse from Anusuya Lahiri
Charter Communications' CFO, Jessica Fischer, has hailed the recent contract renewal with Walt Disney Co as a victory for pay-TV providers. The agreement includes Charter offering Disney+ and ESPN+ streaming services to its subscribers at no extra cost. Charter will pay Disney a wholesale rate for Disney+ and receive ESPN+ as part of the deal. Charter will discontinue specific Disney channels, including Freeform and Disney Junior. Disney secures higher fees for its channels, such as ABC and FX, and Charter commits to providing ESPN to a minimum of 85% of its customers.
September 13, 2023 | 8:11 pm
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NEGATIVE IMPACT
The contract renewal between Charter and Disney could increase competition for Netflix in the streaming services market.
The contract renewal between Charter and Disney could increase competition for Netflix as Charter's subscribers now have access to Disney+ and ESPN+ at no extra cost. This could potentially have a negative impact on Netflix's stock in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Charter Communications' recent contract renewal with Disney could potentially stabilize the pay-TV industry and help retain its customer base amidst competition from streaming services.
The contract renewal with Disney allows Charter to offer Disney+ and ESPN+ to its subscribers at no extra cost, which could make its offerings more attractive and help retain its customer base. This could potentially have a positive impact on Charter's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Disney's recent contract renewal with Charter Communications secures higher fees for its channels and allows it to reach a wider audience through Charter's customer base.
The contract renewal with Charter allows Disney to secure higher fees for its channels and reach a wider audience through Charter's customer base. This could potentially have a positive impact on Disney's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90