In a statement on its help page, YouTube TV (GOOGL) said, “In order to provide you with the best in live sports and entertainment, YouTube TV enters into partnerships with content providers like Disney (DIS). Each time we renew our contracts with these partners, we advocate for fair pricing and greater flexibility to offer our subscribers the best possible live TV experience. Our current agreement with Disney is approaching its renewal date, and we will not agree to terms that disadvantage our members while benefiting Disney’s own live TV products. If we’re unable to reach a fair deal by Thursday, October 30, their content, including channels like ABC, ESPN, and any library recordings from these networks, will be removed from YouTube TV. We’re committed to continuing to work with Disney to reach an agreement, but if their content becomes unavailable for an extended period of time, we’ll offer our subscribers a $20 credit.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Robert Bender&Associates Reduces Stake in Alphabet Inc.
- Alphabet price target raised to $292 from $222 at Stifel
- Google (GOOGL) Stock Gains Slightly after Quantum Breakthrough, but Experts Urge Caution
- Anthropic and Google Announce Massive AI Chip Deal Worth Tens of Billions of Dollars
- OpenAI Takes On Google: The New AI Browser and Quantum Push That Could Reshape Tech Stocks
