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Disney and Charter Stocks Jump on Cable Deal. The Status Quo Is Largely Preserved.

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The Wall Street Journal reported an agreement to restore ESPN, ABC, and other Disney channels to Charter Communications' cable customers.

Walt Disney and Charter Communications have come to an agreement to end an 11-day long channel blackout that has kept nearly 15 million Spectrum cable subscribers without college football, U.S. Open tennis, Good Morning America, and Dancing With the Stars—just in time for Monday Night Football.

The deal came together just in time for Monday night’s National Football League matchup between the Buffalo Bills and the New York Jets, to be aired on ESPN. Spectrum has a large customer base in New York state. “Our collective goal has always been to build an innovative model for the future,” said Disney CEO Robert Iger and Charter CEO Chris Winfrey in a joint statement. “This deal recognizes both the continued value of linear television and the growing popularity of streaming services while addressing the evolving needs of our consumers.”

Certain Verizon Communications wireless plans include access to Disney+, and others can purchase Disney’s streaming services via Verizon. Comcast has had some success with bundling NBC’s Peacock with Xfinity broadband plans.

 

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Disney and Charter Stocks Jump on Reports of Deal to End Cable BlackoutThe Wall Street Journal reported an agreement to restore ESPN, ABC, and other Disney channels to Charter Communications' cable customers.
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