Disney Loses $30 Million Weekly in YouTube TV Dispute
Disney is currently facing significant financial challenges due to an ongoing dispute with Google. According to recent reports, the company is losing approximately $30 million each week due to the controversial placement of its channels on YouTube TV.
The Dispute and Its Impact
Analysts at Morgan Stanley, led by Ben Swinburne, highlighted the financial toll this battle is taking on Disney. The situation is critical as it influences not only the company’s revenues but also its overall profitability.
Upcoming Earnings Call
Disney’s fourth-quarter earnings call is scheduled for November 13. There is considerable speculation around the possibility of reaching a resolution before this key event. Rich Greenfield from LightShed mentioned that it is hard to believe Disney would enter the call without a deal in place, considering how vital ESPN’s revenue is to the company.
Current Situation
The conflict remains unresolved after 11 days, raising concerns among investors and stakeholders. As the deadline approaches, pressure mounts on Disney to finalize negotiations with Google.
YouTube TV’s Customer Measures
In the meantime, YouTube TV is addressing customer grievances. The platform has been issuing $20 credits to users affected by the absence of Disney channels. This credit aims to compensate subscribers for the services they have been deprived of during the dispute.
- Disney’s weekly loss: $30 million
- Earnings call date: November 13
- Days since dispute began: 11 days
- YouTube TV customer credit: $20
As the situation evolves, many are eager to see how Disney manages its upcoming earnings call amid this ongoing conflict with Google over YouTube TV.
