Walt Disney and satellite TV provider DirecTV are racing to renew their distribution agreement before the current pact expires on Sunday. If they fail to...
LOS ANGELES - Walt Disney and satellite TV provider DirecTV are racing to renew their distribution agreement before the current pact expires on Sunday.
Disney has proposed multiple scenarios, including one sports-centric offering that would combine ESPN and ABC, according to one person familiar with its negotiating posture. The top pay TV providers have 67.7 million subscribers, down about 22 million subscribers from the second quarter of 2019, said Leichtman Research Group, as cable and satellite TV customers gravitate to online streaming services.The entertainment companies have tried to strike deals that keep the legacy cable-TV business generating profits as they build their streaming services.
Disney, Fox and Warner Bros Discovery announced earlier this year they would combine their broad portfolio of professional and collegiate sports programming into a single app, now known as Venu Sports. Executives described the venture as a bid to capture younger viewers who do not subscribe to pay TV.
At issue is a long-standing industry practice of "bundling," in which programmers distribute several of their networks together, or not at all.
Walt Disney ESPN Million Subscribers Streaming Services Jimmy Pitaro National Football League Streaming Service Leichtman Research Group
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