The lowered price comes as Disney is in the middle of a carrier fee dispute with Spectrum's parent company Charter.
"For 2023, we had expected to pay The Walt Disney Company more than $2.2 billion for just the right to carry that content, not including the impact of advertising on either party," the statement read in part. Disney is asking Charter for an extra $1.50 a month per Spectrum subscriber, analysts at LightShed Partners said this week.
"Simplifying this, Charter is saying that Disney has moved most of its high quality programming off of Disney Channel to Disney+ and off of ABC and FX to Hulu," LightShed Partners said in an analysts note."In turn, if Charter subscribers are going to pay upwards of $20/sub/month for Disney, linear networks such as Disney Channel, ABC and FX, they should get Disney's ad-supported streaming offerings at no extra cost.
Andrew Russell, a Charter spokesman, said Wednesday in a statement to CBS MoneyWatch,"We would agree to The Walt Disney Company's significant rate increase despite their declining ratings, but they are trying to force our customers to pay for their very expensive programming, even those customers who don't want it, or worse, can't afford it.
In a statement to CBS MoneyWatch, Disney said,"It's unfortunate that Charter decided to abandon their consumers by denying them access to our great programming. ... Disney stands ready to resolve this dispute and do what's in the best interest of Charter's customers."
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