Monday, September 25, 2017
Disney Threatens To Pull ESPN, ABC From Optimum
Reuters reports New York-based Altice, which is owned by a European conglomerate and is better known as Optimum, said Disney had asked it for “hundreds of millions of dollars” in new fees to be able to continue carrying ESPN and ABC, even as ratings suffer.
The two parties have been working on a new contract to replace the one that expires at the end of the month, and Walt Disney has warned customers that its channels will go dark on Oct. 1 if a new deal is not worked out, according to media reports.
The majority of Altice’s customers live in New Jersey, New York, Connecticut and parts of Pennsylvania.
Disputes between cable companies and media groups over the cost of carrying channels are common, but the dispute marks the first time a cable company has pushed back at increased fees for ESPN, the most popular sports network.
The typical customer pays $160 or more each month for service to Altice, she said.
Altice charges its customers $34, which is more than 15 times the amount Disney is seeking for the market’s most watched station, WABC, she added.
Posted 4:56:00 AM