Media Stocks Tumble Following Disney-Charter Dispute

  • 📰 Variety
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Shares of several big media and entertainment companies tumbled Friday as investors considered the potential fallout from an impasse between cable giant Charter Communications and media titan Walt …

during an investor call, was “untenable” as Disney made suggestions in the market that it planned eventually to make its sports content available more fully for streamers in stand-alone fashion.

Indeed, Winfrey argued that Charter was prepared to “pivot” from traditional agreements so that subscribers had more options about the programming packages they wanted to take, and more control over the networks for which they paid. Shares of Charter were off nearly 3% Friday afternoon, falling $12.77 per share to $425.40. Meanwhile, Disney stock slipped 2.2%, or $1.83 a share, to $81.83 per share.

Paramount Global stock dipped 7.59%., or $1.14 a share, to $13.95. Shares in Comcast, owner of NBCUniversal, fell 2.28%, or $1.06 a share, to $45.70. Warner Bros. Discovery stock tumbled 10.16%, or $1.34 a share, to $11.82. Shares in Fox Corp. were off 5.66% or $1.87, to $31.19.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TV Stocks Fall After Charter, Disney DisputeShares of entertainment companies fell Friday after Walt Disney blocked TV channels like ESPN and ABC from Charter's cable system, Spectrum. The move from Disney came after the two com
Source: WSJ - 🏆 98. / 63 Read more »

Adani family's partners used 'opaque' funds to invest in its stocksAdani family's partners used 'opaque' funds to invest in its stocks - media group
Source: Investingcom - 🏆 450. / 53 Read more »