The agreement will restore popular Disney channels including ABC and FX to Charter’s 14.7 million customers.
, hours before the sports network’s first broadcast of the new NFL season’s Monday Night Football.
Disney had been pressing for an increase in the amount Charter pays to carry its channels. Charter, the No. 2 US cable provider, wanted more freedom to offer tailored pay-TV packages, including more bundles without ESPN, and wanted to include Disney streaming services like Disney+ and ESPN+ for free.
As part of the agreement, Charter will also market Disney streaming services to its broadband only customers. Shares of Disney rose as much as 2.9% to $83.85 in trading in New York. Charter added as much as 3.5% to $437.35., including ABC and Nat Geo, off the Charter systems late last month after the two sides failed to reach a new distribution agreement.
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