By Joe Flint
Disney and DirecTV agreed to terms on a new distribution agreement and returned the entertainment giant's popular channels, including ESPN and ABC, to the satellite broadcaster's 11.3 million subscribers Saturday morning.
The pact ends a nearly two-week stalemate between the companies that turned particularly nasty -- with DirecTV accusing Disney of negotiating in bad faith. Subscribers were caught in the middle and missed popular sports programming including college football and the first week of "Monday Night Football."
Under the terms of the deal, Disney receives increases in the fees it charges DirecTV to carry its networks and local ABC television stations, the companies said, while DirecTV has more flexibility in how it sells Disney's channels to customers, which was a key sticking point in the deal.
Write to Joe Flint at Joe.Flint@wsj.com
(END) Dow Jones Newswires
September 14, 2024 09:25 ET (13:25 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.