Disney, Charter announce multiyear distribution agreement, end blackout

Disney Company (DIS) and Charter Communications (CHTR) announced a multiyear distribution agreement. As part of the deal, the majority of Disney’s networks and stations will be immediately restored to Spectrum’s video customers. Among the key deal points: In the coming months, the Disney+ Basic ad-supported offering will be provided to customers who purchase the Spectrum TV Select package, as part of a wholesale arrangement; ESPN+ will be provided to Spectrum TV Select Plus subscribers The ESPN flagship direct-to-consumer service will be made available to Spectrum TV Select subscribers when it launches; Charter will maintain flexibility to offer a range of video packages at varying price points based upon different customer viewing preferences. Charter will also use its distribution capabilities to offer Disney’s direct-to-consumer services to all its customers. In a joint statement, Robert Iger, CEO, Disney, and Chris Winfrey, CEO, Charter, said: “Our collective goal has always been to build an innovative model for the future. This deal recognizes both the continued value of linear television and the growing popularity of streaming services while addressing the evolving needs of our consumers. We also want to thank our mutual customers for their patience this past week and are pleased that Spectrum viewers once again have access to Disney’s high-quality sports, news and entertainment programming, in time for Monday Night Football.”