Disney Makes Troubling Admission About YouTube TV Standoff
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On the streaming topic, analysts pointed out that they were taking into account 14 days of impact from the ongoing YouTube TV blackout, which they estimated at “$60 million revenue headwind.” This means that with each week that passes with Disney channels not accessible via YouTube TV, Disney is losing around $30 million.
YouTube TV's 10 million customers have been without Disney channels for two weeks; CEO Bob Iger told Wall Street analysts: "We're trying really hard ... working tirelessly to close this deal."
Disney said that it "cannot predict how long this service blackout will last," referencing its long-running dispute with YouTube TV.
Two weeks into the YouTube TV blackout of Disney networks including ESPN and ABC, Disney CEO Bob Iger said the company is working 'tirelessly' to close a deal but that it's 'imperative' a renewal 'reflects the value that we deliver.
Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.
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Update on YouTube TV-Disney Dispute Offers More Grim News for College Football Fans
A new statement from a Disney executive shows the company is in no rush to get college football and ESPN content back on the screens of YouTube TV subscribers.
CNBC’s Julia Boorstin and Disney CFO Hugh Johnston join 'Squawk Box' to discuss the company's quarterly earnings results, the company's streaming strategy, Disney's theme parks business, negotiations over YouTube TV blackout,
Disney's carriage fight with Google's YouTube TV is beginning to create some issues for some of the company's most popular media properties. "NBC Nightly News" was able to claim victory over ABC's ‘World News Tonight" last week among viewers between 25 and 54 - the demographic most coveted by advertisers.