Brian Steinberg Senior TV Editor Cable giant Charter Communications and content titan Disney are squabbling over about $2 billion in programming costs, but the price of their battle for the media industry overall could be exponentially higher.
Disney on Thursday yanked its popular TV networks, which include ESPN, ABC and Disney Channel, from Charter’s Spectrum cable service, which reaches nearly 15 million homes, including many in big markets like New York City and Los Angeles.
At issue, the companies say, is Disney’s interest in seeking higher rates placed against Charter’s desire to gain more flexibility in the way it packages Disney’s properties Charter also wants to offer Disney streaming services like Hulu and Disney+ at no additional cost to its customers — a move that would erode some of the new business Disney has gained with these popular hubs.
Skirmishes like these happen frequently in the media business and have surfaced even more as content companies and their distributors scramble to keep revenue locked in while consumers move to streaming outlets.
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