Disney is losing over $4 million a day in revenue on the YouTube TV blackout


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. The dispute is also costing Google — Variety reports that a Drive Research survey of 1,100 US consumers found 24 percent canceled or planned to cancel their subscriptions.

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, but it remains to be seen which will end first: the Disney-Google blackout or the government shutdown.



Source link

  • Related Posts

    Aura’s Aspen digital frame is a great gift, especially now that it’s $30 off

    Aura’s Aspen digital photo frame is a great Valentine’s Day gift if you want something that’s slick and sentimental, and right now it’s on sale for $199 ($30 off) at…

    Why $700 could be a “death sentence” for the Steam Machine

    Bad news for Valve in particular? On the surface, it might seem like every company making gaming hardware would be similarly affected by increasing component costs. In practice, though, analysts…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Aura’s Aspen digital frame is a great gift, especially now that it’s $30 off

    Aura’s Aspen digital frame is a great gift, especially now that it’s $30 off

    ‘It Looks Like I Just Got a PlayStation 7’ Streamer Northernlion Just Discovered His High Refresh Rate Monitor Was Still Set to 60Hz

    ‘It Looks Like I Just Got a PlayStation 7’ Streamer Northernlion Just Discovered His High Refresh Rate Monitor Was Still Set to 60Hz

    Calls to postpone presidential election as Storm Leonardo lashes Portugal and Spain | Extreme weather

    Calls to postpone presidential election as Storm Leonardo lashes Portugal and Spain | Extreme weather

    'I was full of shame after being sacked for having endometriosis'

    'I was full of shame after being sacked for having endometriosis'

    Hundreds of TTC e-Alert users' emails shared with other subscribers due to 'technical error'

    Hundreds of TTC e-Alert users' emails shared with other subscribers due to 'technical error'

    2026’s Chicest Cardigan Trends, According to a Fashion Expert

    2026’s Chicest Cardigan Trends, According to a Fashion Expert