""While we've been working tirelessly to close this deal and restore our channels to the platform, it's also imperative that we make sure that we agree to a deal that reflects the value that we deliver, which both YouTube, by the way, and Alphabet have told us is greater than the value of any other provider," he added. "We're not trying to break new ground."
""The deal that we have proposed is equal to or better than what other large distributors have already agreed to," Disney CEO Bob Iger said on the call. After the call, Disney stock dipped 7% on Thursday, according to CNBC."
Negotiations between Disney and YouTube TV are stalled over distribution fees, leaving 10 million YouTube TV subscribers without access to Disney-owned channels including ABC and ESPN since Oct. 30. Disney positions its proposed terms as equal to or better than deals with other large distributors and insists on compensation that reflects the company’s perceived value relative to providers including YouTube and Alphabet. Disney anticipates the talks could continue for some time. Disney's entertainment operating income fell 35% year over year due largely to mixed box-office results, while streaming operating income rose 39% with 196 million Disney+ and Hulu subscribers; Disney stock dipped 7% after the call.
Read at SFGATE
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