"Disney's spat with Google's YouTube TV over a new content distribution contract is costing the entertainment giant $4.3 million a day in lost revenue, Morgan Stanley estimates. That's $30 million a week as the blackout of channels including ABC and ESPN stretches into its 12th day, Variety reports, though the analysts expect Disney and Google to reach a resolution by the end of the week."
"More than 20 Disney-owned channels went dark on YouTube TV after their contract expired at 11:59 PM ET on October 30th. While Google accuses Disney of pulling its channels from YouTube TV as a "negotiating tactic," and says its terms would rise prices for YouTube TV customers, Disney says Google is "refusing to pay fair rates" for its content. Google has been giving $20 credits to its subscribers during the blackout."
Morgan Stanley estimates the dispute between Disney and Google over a new content distribution contract is costing Disney $4.3 million per day in lost revenue. The blackout of channels including ABC and ESPN has stretched into its twelfth day, totaling roughly $30 million weekly, with analysts expecting a resolution by the end of the week. A Drive Research survey of 1,100 US consumers found 24 percent canceled or planned to cancel YouTube TV subscriptions, impacting Google. More than 20 Disney-owned channels went dark after the contract expired at 11:59 PM ET on October 30. Google accuses Disney of using a negotiating tactic, while Disney says Google refuses to pay fair rates. Google has issued $20 credits to subscribers during the blackout.
Read at The Verge
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