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Disney horse carriages in operation Dispute with YouTube TV The entertainment giant is costing the entertainment giant tens of millions of dollars each week, according to an analysis by Wall Street leaders.
YouTube TV customers no longer have access ABC and ESPN The power outage entered its 13th day on Wednesday amid a dispute with Disney, the parent company of these media brands.
Morgan Stanley analysis estimated in a research note released Sunday that the impact of the YouTube TV outage, which lasted 14 days, would cause a $60 million revenue headwind for Disney. The dispute equates to lost revenue of approximately $30 million per week, or approximately $4.3 million per day.
Morgan Stanley noted that YouTube TV is the third-largest multichannel provider in the U.S. and expected the dispute to end later this week, but calculated that each loss of distribution would reduce adjusted earnings per share (EPS) by $0.02.
Disney Channel goes dark on YouTube TV after contract negotiations fail
According to Morgan Stanley, Disney is losing an estimated $30 million a week in revenue due to the shipping dispute with YouTube TV. (Photo by AaronP/Bauer-Griffin/GC Images)
The company reiterated its overweight rating. disney stocks The target price was $140. Disney stock was trading around $116 per share on Wednesday.
As the conflict continues, YouTube TV is offering subscribers a $20 credit to compensate for the loss of Disney Channel due to the impasse.
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| ticker | safety | last | change | change % |
|---|---|---|---|---|
| DIS | walt disney company | 116.73 | +1.86 |
+1.62% |
| Alphabet Co., Ltd. | 286.71 | -4.60 |
-1.58% |
|
YouTube TV, a subsidiary of Google’s parent company Alphabet, wrote in a post on X on Sunday: “We have been working with Disney to negotiate a deal that would pay them fairly for their content and bring their programming back to YouTube TV. We know it would be disappointing to lose the Disney channel, and we are offering subscribers a $20 credit to account for the disruption.”
“In the coming days, Family Managers will receive an email with instructions on how to redeem their $20 YouTube TV credit. We remain committed to working with Disney to get their content back and appreciate your patience as we work towards a resolution,” YouTube TV’s post concludes.
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Google’s YouTube TV is offering customers compensation for the loss of Disney Channel during the dispute. (Smith Collection/Gado/Getty Images)
“YouTube TV continues to insist on receiving below-market preferential terms and has made few concessions,” Disney Entertainment co-chairmen Dana Walden and Alan Bergman and ESPN chairman Jimmy Pitaro said in a memo to Disney employees Friday.
Last week, the two companies discussed restoring ABC coverage. election day, However, ultimately no agreement could be reached.
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Due to an ongoing dispute, YouTube TV subscribers will no longer be able to access ESPN. sporting event Broadcast on ABC.
