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Disney’s ongoing Carriers controversy with YouTube TV It costs the entertainment giant tens of millions of dollars a week, according to analysis by the wall street leader.
YouTube TV customers have lost access to it ABC and ESPN Amid the controversy over Disney, the parent company of that media outlet, the blackout entered its 13th day on Wednesday.
Morgan Stanley’s analysis estimated in a research note released on Sunday that the impact of the 14-day YouTube TV BlackOut would create a head of $ 60 million in revenue for Disney. That amounts to about $30 million a week, or about $4.3 million a day, in lost revenue due to the conflict.
Morgan Stanley noted that YouTube TV is the third largest multichannel provider in the US, and predicted that the debate will end later this week – although each week of lost distribution will share $ 0.02.
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Disney is losing an average of $30 million a week in revenue because of the contention with YouTube TV, according to Morgan Stanley. (Photo by Aaronp / Bauer-Griffin / GC Images)
The firm reiterated its overweight rating Disney stock and had a price target of $140. Disney’s stock was trading at around $116 per share on Wednesday.
Amid the ongoing controversy, YouTube TV It offers subscribers a $20 credit to compensate for the loss of Disney channels during the blackout.
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| It’s teasing | Security | – Last | Answer | change % |
|---|---|---|---|---|
| Dec | The walt disney co. | 116.73 | +1.86 |
+ 1.62% |
| Load up | Alphabet inc. | 286.71 | -4.60 |
-1.58% |
YouTube TV, sponsor of Google Parent Alphabet, wrote on Sunday in a post on X that, “We have been working to discuss Disney TV, and show our subscribers $ 20 bills.”
“In the next few days, family managers will receive an email with instructions on how to redeem their $20 TV bill. We appreciate their patience in returning it,” said your patience.
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Google’s YouTube TV offers customers credit for the loss of Disney channels during the conflict. (Collections of Smith / GADO / GETTY Images)
Disney Entertainment Co-Airs Dana Walden and Alan Bergman and ESPN Chairman Jimmy Pitaro told Disney employees to take special names below the market and make a few deals. “
Last week, the two companies discussed bringing ABC back to cover Election Day, But in the end they cannot reach an agreement to do so.
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The ongoing controversy also calls for YouTube TV subscribers to access ESPN as well Sports Events Broadcast on ABC.
