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CHTR / ‘Media lives to fight another day', BofA says of Disney-Charter truce

Analysts at Bank of America have welcomed a multi-year agreement between The Walt Disney Company (NYSE:DIS) and Charter Communications, Inc. (NASDAQ:CHTR) that resolved their week-long dispute over the renewal of Disney's cable networks on Charter's systems. The analysts said the deal, which allows Disney networks like ESPN and ABC to return to Charter's cable service, removes the worst-case scenario from the table — a potential dramatic decline in the linear subscriber universe that would also have had a significant earnings impact on the broader ecosystem. Read More

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Posted: Sep 12 2023, 12:48

Author Name: Proactive Investors

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