Disney, YouTube
Digest more
YouTube said Disney used the threat of a blackout as a negotiating tactic that would have resulted in higher prices for its subscribers.
Disney's YouTube TV blackout costs entertainment giant $30 million weekly as carriage dispute continues over channel fees and fair pricing terms.
YouTube TV is offering a $20 one-time credit to subscribers affected by the removal of Disney-owned channels, such as ABC and ESPN. The trick is finding it.
On the streaming topic, analysts pointed out that they were taking into account 14 days of impact from the ongoing YouTube TV blackout, which they estimated at “$60 million revenue headwind.” This means that with each week that passes with Disney channels not accessible via YouTube TV, Disney is losing around $30 million.
Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.
YouTube TV's 10 million customers have been without Disney channels for two weeks; CEO Bob Iger told Wall Street analysts: "We're trying really hard ... working tirelessly to close this deal."
The Disney-YouTube TV fight is on day 13. One analyst expects a deal before Disney's earnings report.
Because YouTube TV is now up against Disney, the stoppage of service for ABC Television Network, ESPN and ABC TV stations is a big deal to some analysts.