Slide 1: The Future of Multichannel Video: Moving Forward, Or Moving On
The Future of Multichannel Video: Moving Forward, Or Moving On September 1, 2023 Exhibit 99.1
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
2The Future of Multichannel Video: Moving Forward, Or Moving On Cautionary Statement Regarding Forward-Looking Statements This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
Slide 3: Current Status
3The Future of Multichannel Video: Moving Forward, Or Moving On Current Status • The multichannel video product is too expensive and packages don’t meet consumer needs • Customers are leaving the traditional video ecosystem and losses have accelerated • We still believe video is an important part of
Slide 4: The Video Ecosystem is Broken
4The Future of Multichannel Video: Moving Forward, Or Moving On Video Ecosystem is Broken Content moves from MVPDs to SVOD Failure of TV Everywhere Unauthenticated content proliferation Netflix sells “incremental” revenue model Programmers launch unprofitable DTC products And VOD library withheld fr
Slide 5: The Video Dilemma
5The Future of Multichannel Video: Moving Forward, Or Moving On The Video Dilemma Programmers are caught in a self-imposed dilemma as they have moved content to their DTC products for short-term profit maximization and their management teams are not incentivized to drive business for the long-term P
Slide 6: Charter's Strategic View on Video
6The Future of Multichannel Video: Moving Forward, Or Moving On Charter’s Strategic View on Video The video environment we operate in Programmers devalued the multichannel video product Multichannel video industry lost nearly 25 million customers over the last 5 years Despite passing through signifi
Slide 7: The Partnership Vision
7The Future of Multichannel Video: Moving Forward, Or Moving On The Partnership Vision • Aggregate the ad-supported streaming apps from cable network brands into packaged linear products at an affordable price point, creating the most compelling consumer proposition in the marketplace • In parallel,
Slide 8: Why Charter and Disney?
8The Future of Multichannel Video: Moving Forward, Or Moving On Why Charter and Disney? We believe Disney and Charter are the right partners to establish a new, customer centric video model • Disney and Charter are both at a crossroads with their video strategy • Disney acknowledged that the most se
Slide 9: The Negotiation Positions
9The Future of Multichannel Video: Moving Forward, Or Moving On Negotiation Positions • Disney offered a traditional long-term deal and has not seriously engaged on Charter’s transformational partnership proposal • Insisting on high penetration payment minimums despite its own a la carte offerings •
Slide 10: Potential Impact to Charter
10The Future of Multichannel Video: Moving Forward, Or Moving On Currently Charter is paying ~$2.2bn in annual programming costs to Disney, not including the impact of advertising revenue for both parties, and only ~25% of Charter video subscribers regularly engage with Disney content. Disney pulled
Slide 11: Charter's Goals
11The Future of Multichannel Video: Moving Forward, Or Moving On Charter’s Goals • Either create a path to a sustainable video model for consumers or move to alternate business models to deliver value for connectivity relationships – very different than a traditional carriage dispute • Charter wants