The Walt Disney Company and cable giant Charter Communications worked out a distribution agreement that will bring ESPN and other popular channels back to Spectrum.
"This deal recognizes both the continued value of linear television and the growing popularity of streaming services, while addressing the evolving needs of our consumers," Disney CEO Bob Iger and Charter CEO Chris Winfrey said in a joint statement.
New York Jets quarterback Aaron Rodgers warms up prior to a game against the New York Giants at MetLife Stadium on Aug. 26, 2023, in East Rutherford, New Jersey. The Jets square off Monday night against the Buffalo Bills. Charter previously paid Disney more than $2.2 billion annually for the right to distribute the media giant's channels to subscribers. The terms of the new deal were not disclosed.Companies like Charter say rising distribution fees are forcing cable companies to increase prices, causing consumers to leave.
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