Shares of entertainment companies fell Friday after Walt DisneyThe move from Disney came after the two companies failed to reach an agreement over contract fees. Shares of Charter and Disney each fell roughly 3%. "The video ecosystem is broken," Charter CEO Chris Winfrey said in a conference call Friday.
The dispute spilled over into the performance of other media companies. CNN parent Warner Bros. Discovery dropped about 8%. Paramount Global fell more than 6%. Comcast lost roughly 3%.