US EditionDisney losing $4 million per day on YouTube TV dispute
Disney lost about $60 million in revenue after ESPN and ABC channels went dark on YouTube TV, affecting 10 million subscribers amid a fee dispute.
- On October 30, Disney's ABC, ESPN and other Disney networks went dark on YouTube TV, with Morgan Stanley analyst Ben Swinburne estimating the blackout cost Disney about $60 million over 14 days, roughly $4.3 million daily.
- Negotiations collapsed as YouTube TV says Disney declined reasonable proposals while Disney says YouTube TV won't pay fair market value; Disney recently took 70% control of Fubo and Neal Mohan won NFL Sunday Ticket rights.
- YouTube TV offered subscribers a $20 credit and bundled Sunday Ticket, leaving about 1.5 million Sunday Ticket subscribers without Monday Night Football, while ESPN Unlimited promotions increased amid the blackout.
- Disney is losing distribution fees while its channels are off YouTube TV, and industry estimates place ESPN's daily losses at about $5 million amid the blackout.
- YouTube TV's rise toward the top U.S. pay-TV spot positions it to press programmers harder in future deals, while Disney still relies on billions from legacy pay-TV and risks forfeiting $1.6 billion annual distribution revenue.
9 Articles
9 Articles
Disney losing $4 million per day on YouTube TV dispute
Disney is losing out on millions of dollars per day as its carrier dispute with YouTube TV stretches into another week. New estimates from Morgan Stanley analyst Benjamin Swinburne find Disney could lose out on $60 million in lost revenue if the stalemate reaches 14 days, The Wrap reported. Disney-owned channels like ABC, ESPN and…
Disney-YouTube TV Carriage Battle: How Much Is Each Side Losing?
As the YouTube-Disney carriage battle approaches the 2-week mark, it is following the financial trajectory of many such standoffs: Both sides appear to be losing, to varying degrees. The question now is, how willing are the combatants to endure more pain if the impasse continues? ABC, ESPN and other Disney networks went dark October 30 […]
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By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television networks, worrying investors about the outlook for its already declining TV business. The company also missed quarterly revenue expectations as the cable weakness overshadowed strong growth in the company's streaming and parks businesses central to its g…
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