Press release
THE WALT DISNEY COMPANY AND CHARTER COMMUNICATIONS ANNOUNCE TRANSFORMATIVE AGREEMENT FOR DISTRIBUTION OF DISNEY'S LINEAR NETWORKS AND DIRECT-TO-CONSUMER SERVICES
Disney+ Basic Ad-Supported Offering Will Be Included in Spectrum TV Select Video Packages, as Part of Wholesale Arrangement Between the Two Companies ESPN+ to
About this update from Charter Communications, Inc.
[{"type":"text","content":"Disney+ Basic Ad-Supported Offering Will Be Included in Spectrum TV Select Video Packages, as Part of Wholesale Arrangement Between the Two Companies\nESPN+ to be Included in Spectrum TV Select Plus Video Package and ESPN's Flagship Direct-To-Consumer Service Will Be Included for Spectrum TV Select Subscribers Upon Launch \nCharter Will Make Disney's Direct-To-Consumer Services Available for Purchase by Its Broadband-Only Customers\nBURBANK, Calif. and STAMFORD, Conn., Sept. 11, 2023 /PRNewswire/ -- The Walt Disney Company (NYSE: DIS) and Charter Communications, Inc. (NASDAQ: CHTR) today announced a transformative, multi-year distribution agreement that maximizes value for consumers and supports the linear TV experience as the industry continues to evolve. As part of the deal, the majority of Disney's networks and stations will be immediately restored to Spectrum's video customers. \n\n \n \n \n \n \n \n\n \nIn a joint statement Robert A. Iger, Chief Executive Officer, The Walt Disney Company, and Chris Winfrey, President and Chief Executive Officer, Charter Communications said:\n\"Our collective goal has always been to build an innovative model for the future. This deal recognizes both the continued value of linear television and the growing popularity of streaming services, while addressing the evolving needs of our consumers. We also want to thank our mutual customers for their patience this past week, and are pleased that Spectrum viewers once again have access to Disney's high-quality sports, news and entertainment programming, in time for Monday Night Football.\" \nAmong the key deal points:\nIn the coming months, the Disney+ Basic ad-supported offering will be provided to customers who purchase the Spectrum TV Select package, as part of a wholesale arrangement;ESPN+ will be provided to Spectrum TV Select Plus subscribers;The ESPN flagship direct-to-consumer service will be made available to Spectrum TV Select subscribers upon launch and;Charter will maintain flexibility to offer a range of video packages at varying price points based upon different customer's viewing preferences.Charter also will use its significant distribution capabilities to offer Disney's direct-to-consumer services to all of its customers – in particular its large broadband-only customer base – for purchase at retail rates. These include Disney+, Hul...