Disney settles dispute with YouTube TV
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Disney's financial results, coupled with remarks suggesting the YouTube dispute could linger and cost the company even more revenue, sent the share price 8% lower on Thursday. The stock is down about 4% year to date, while the broader S&P 500 index is up 15%.
Disney and YouTube TV are stuck in a messy and millions of viewers are caught in the middle. More than 20 Disney-owned channels, including ESPN, ABC and FX — have been off YouTube TV since October 31.
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Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television channels, worrying investors about the outlook for its already declining TV business and pushing its shares down. Lisa Bernhard has more.
We’re happy to share that we’ve reached a deal with Disney to bring their content back to YouTube TV. Subscribers should see channels including ABC, ESPN, and FX returning to their service over the course of the day.