Disney, YouTube
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At its first Creator Premieres event, YouTube announced new programming from Ms. Rachel, Trevor Noah, Dhar Mann, Cleo Abram, Mark Vins, Deestroying, Brittany Broski and more.
Disney's YouTube TV blackout costs entertainment giant $30 million weekly as carriage dispute continues over channel fees and fair pricing terms.
Disney and Google have been locked in a standoff since Oct. 30, leaving YouTube TV customers without Disney's slate of networks like ABC and ESPN.
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.
Despite losses worth millions of dollars, Disney and YouTube continue to squabble over pricing with no end in sight.
Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.
Disney shares plunged 8% in early trading Thursday after the company reported disappointing revenue and warned of a prolonged distribution fight with YouTube TV. Why it matters: Disney+ and Hulu's continued growth was overshadowed by a streaming-era carriage disagreement and declines in the legacy TV business.
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.