Multi-Year Carriage Deal Struck by Disney and Comcast
The Walt Disney Company’s CEO, Bob Chapek, and Comcast Corporation’s Chairman and CEO, Brian Roberts, struck a new deal. Indeed, they have a new multi-year carriage deal.
No one released the agreement’s details. However, the companies said they “have renewed their content carriage agreement and will continue to make Disney’s robust lineup of sports, news, kids, family and general entertainment programming available to Xfinity TV customers.”
In addition, “Comcast will distribute the ACC Network to its Xfinity customers, allowing fans and followers of the Atlantic Coast Conference to access the multiplatform network in the coming weeks.”
“The multi-year agreement encompasses continued distribution of Disney’s cable channels, including the ESPN networks, the Disney branded channels, Freeform, the FX networks and the National Geographic channels,” the companies stated. “The renewal also includes continued distribution of the SEC Network, now in its eighth season, as well as retransmission consent for the ABC Owned Television Stations in New York, Chicago, Philadelphia, San Francisco, Houston, Raleigh-Durham, and Fresno.”
Pleasing on Both Sides
Comcast recently launched Disney+ and ESPN+ to Xfinity, and those services are still available. Rebecca Heap (Senior Vice President, Consumer Products and Propositions) said, “We are very pleased to continue providing Xfinity customers access to [Disney’s] content across our industry-leading platforms.”
Also, Sean Breen (Executive Vice President, Platform Distribution, Disney Media and Entertainment Distribution) made a statement. Breen said, “We’re very happy…to provide [Comcast’s] Xfinity customers with Disney’s best-in-class programming.”
Breen continued, “In addition to our…offerings, [the ACC and SEC networks] will give Xfinity’s college sports fans long-awaited access to their favorite games.”
Consequently, Comcast owns 33% stake in Hulu, and Disney controls Hulu. Analysts say, “The current arrangement calls for independent valuation assessment and an unwind in 2024.”
Analysts also called it “an asset over which [Comcast bosses] have no control and which could easily be seen as working at odds with their own ambitions for Peacock.” However, they added “To be clear, there is no indication that Disney and Comcast will use this programming renewal as an opportunity to settle the Hulu stake preemptively.”
This announcement did not mention Hulu’s future, but Hulu’s aggregate value is approximately $57 billion. Stay connected to MickeyBlog for any updates on this story, regarding this multi-year carriage deal.
Article Information: www.hollywoodreporter.com
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