Disney Makes Troubling Admission About YouTube TV Standoff
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Bob Iger defends Disney's offer to YouTube TV
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On the streaming topic, analysts pointed out that they were taking into account 14 days of impact from the ongoing YouTube TV blackout, which they estimated at “$60 million revenue headwind.” This means that with each week that passes with Disney channels not accessible via YouTube TV, Disney is losing around $30 million.
Disney CFO Hugh Johnston warns sports fans that the ongoing ESPN-YouTube TV carriage dispute could go "as long as they want".
YouTube TV's customers have been unable to watch ABC, ESPN and other Disney channels for two weeks. Could a resolution come this week?
Disney said that it "cannot predict how long this service blackout will last," referencing its long-running dispute with YouTube TV.
Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.
Two weeks into the YouTube TV blackout of Disney networks including ESPN and ABC, Disney CEO Bob Iger said the company is working 'tirelessly' to close a deal but that it's 'imperative' a renewal 'reflects the value that we deliver.
CNBC’s Julia Boorstin and Disney CFO Hugh Johnston join 'Squawk Box' to discuss the company's quarterly earnings results, the company's streaming strategy, Disney's theme parks business, negotiations over YouTube TV blackout,
As the impasse continues, YouTube TV subscribers have been offered a welcome boost from another network willing to fill the void left by ESPN’s absence. NBCUniversal has announced the creation of the new NBC Sports Network (NBCSN),