ESPN networks, ABC and Disney channels go dark on DirecTV

Published: Sep 02, 2024 Duration: 00:03:30 Category: News & Politics

Tags : news Breaking News money World News us news financial news business news channel stock market stocks CNBC news station finance stock cable cable news finance news money tips stock market news

Trending searches: espn directv update

♪ >>> ALL RIGHT. WELCOME BACK TO "POWER LUNCH." SHARES OF DISNEY ARE A LITTLE BIT LOWER TODAY -- BY THE WAY, THE ENTIRE MARKET IS DOWN TODAY. BUT DISNEY IS ALSO IN A DISPUTE WITH DIRECTV, PULLING ITS CHANNELS FROM DIRECT/V, PREVENTING CUSTOMERS OF DIRECTV FROM WATCHING COLLEGE FOOTBALL. TONIGHT MAY BE THE FINALE OF "THE BACHELORETTE." JULIA BOORSTIN HAS BEEN FOLLOWING THIS STORY AND SPOKE EARLIER TO THE HEAD OF ESPN. JULIA? >> WELL, BRIAN, THE MIDDLE OF THE U.S. OPEN, AHEAD OF SUNDAY'S COLLEGE FOOTBALL GAME AND BEFORE THE NFL SEASON OPENER, DISNEY PULLED ITS ABC STATIONS, ESPN AND OTHER NETWORKS FROM DIRECTV'S MORE THAN 11 MILLION SATELLITE SUBSCRIBERS ON SUNDAY. NOW THE CONTRACT DISPUTE BETWEEN DISNEY AND DIRECTV SPEAKS TO DISNEY'S FOCUS ON STREAMING AND CORD CUTTING. IT IS LOOKING TO OFFER SMALLER AND CHEAPER BUNDLES TO THEIR CUSTOMERS. DIRECTV SAYS, QUOTE, DISNEY IS AGAIN TAKING AN ANTI-CONSUMER APPROACH DEMANDING THAT CUSTOMERS FROM DIRECTV AND OTHER DISTRIBUTORS BE FORCED TO PAY FOR CHANNELS THEY DON'T WATCH. ESPN CHAIRPERSON TELLING ME THAT THEY HAVE BEEN FLEXIBLE AND WHAT DIRECTV SAYS IS FLAT OUT FALSE. >> WE NEVER WANT TO BLACKOUT. IT'S NOT GOOD FOR EITHER SIDE. IT'S NOT GOOD FOR THE CUSTOMER, OF COURSE. WE DID EVERYTHING WE COULD. WE WORKED VERY HARD TO REACH AGREEMENT. WE WERE UNABLE TO GET THERE. AND WE WERE UNABLE TO GET THERE BECAUSE DIRECTV HAS REFUSED TO ACKNOWLEDGE OR RECOGNIZE THE VALUE OF OUR CONTENT. >> WITH "MONDAY NIGHT FOOTBALL" AND ESPN LESS THAN A WEEK AWAY, THE PRESSURE IS ON BOTH SIDES TO GET THIS DEAL DONE. SO, THE REAL QUESTION IS WHETHER DIRECTV ENDS UP ADOPTING A DEAL SIMILAR TO WHAT CHARTER AND DISNEY AGREED TO LAST YEAR. THAT INCORPORATES ACCESS TO THE PRESSURE IS ON. AN AGREEMENT THAT WAS AGREED TO LAST YEAR HAS STREAMING SERVICE TO CHARTER CUSTOMERS. >> THERE'S MANY THINGS ABOUT THIS WHICH ARE INTERESTING, BUT THE FACT THAT THE DIRECTV PEOPLE HAD BEEN THROUGH THIS BEFORE. THE WAY THE COMPANIES ARE ACCUSING EACH OTHER OF HARDBALL, AND THE NET OUTCOME, DOES IT JUST PUSH PEOPLE TOWARD THE STREAMING PRODUCT? >> EVERYONE LOSES, RIGHT? >> BUT DOES DISNEY LOSE? DO PEOPLE SAY, LET'S AVOID THE DRAMA AND JUST JUMP TO THE STREAMING. >> WHERE ELSE WOULD CUSTOMERS GO? THE LONGER IT DRAGS OUT THE MORE LIKELY DIRECTV CUSTOMERS WILL LOOK FOR OTHER OPTIONS. THE LIVE SPORTS ARE MUST-SEE THIS TIME OF YEAR. THAT'S WHAT'S DRIVING THIS NEGOTIATION. THE FACT THAT THERE ARE SKINNIER BUNDLES AVAILABLE, THERE ARE SKINNIER STREAMING OPTIONS. THERE'S ALSO A QUESTION OF SPORTS, RIGHT? VENUE, WHICH IS THE STREAMING SPORTS BUNDLE THAT ESPN WAS SUPPOSED TO BE PART OF, IT IS NOT LAUNCHING THIS YEAR, BUT THERE'S AN ESPN DRECK-TO-CONSUMER SERVICE THAT THE FLAGSHIP IS WHAT THEY'RE CALLING IT SO FAR. THAT'S SET TO LAUNCH A YEAR FROM NOW. A YEAR FROM NOW THERE WILL B

Share your thoughts

Related Transcripts

3-Stock Lunch: Best Buy, Dollar General & Affirm

Category: News & Politics

Stock lunch." managing director of fx first you, boris, best bireporting a profit beat and guidance hike. shares up almost 14% today. what's your trade on best buy? >> so best buy is a beneficiary of soft expectation. the market didn't think they would have any margin improvements. thought relatively... Read more

3-Stock Lunch: Nvidia, Eli Lilly, Paramount

Category: News & Politics

Three stock lunch. and here with our trades, david, cio at the bonnson group. first up, you have nvidia earnings. we talked a bit about that. on deck tomorrow the shares up more than 1% today ahead of result. what's your trade on nvidia? >> well, we've been a sell for a long time in the sense that... Read more

NFL kicks off tonight on NBC

Category: News & Politics

>>> welcome back. the nfl season kicks off tonight on nbc and peacock at 7:00 p.m. eastern with the defending champ kansas city chiefs hosting the baltimore ravens. the nfl itself is coming off a strong season with the highest viewership in eight years. mike tirico is host and play-by-play announcer... Read more

Herb Greenberg on the dealmaking landscape for U.S. Steel, Verizon and Topgolf

Category: News & Politics

Acquired it in an ongoing deal and the saga where they could block nippon steel's acquisition of u.s. steel. let's bring in herb, sub -- i think i messed that up, or they did. >> it's okay. >> where do you want to the start? which is more consequential or telling? >> the one i find most interesting... Read more

Market Navigator: Playing Big Pharma and Eli Lilly

Category: News & Politics

Record highs earlier in the day. nasdaq is moving the other direction, down about 1% at 17,714. let's get to our market navigator, dominic chu. tyler, there's being changes that may come to leadership for the big pharma sector. we've been talking so much about eli lilly, the clear leader, right?... Read more

Three-Stock Lunch: Broadcom, 3M, & Bowlero

Category: News & Politics

>>> we're hovering near the worst levels of the day. as stocks sell off, it's time for the three stock lunch. here with our trade is the cofounder and ceo of defiance etf. first up, it's got to be broadcom. i hate to do this to you, but it's a big story. the stock is a big loser today. it's taking... Read more

Apple's challenge is there's a long wait to access the software, says Maxim Group’s Tom Forte

Category: News & Politics

On the base model. but for now it's only on the pro. >> 549 for the max pro. >>> they're going to successfully work artificial intelligence into a mainstream gadget. joining us to discuss that along with sirat is tom forté. welcome. glad to have you with us. you have a hold on this company, and... Read more

How Coronavirus Could Slow Down Amazon Deliveries

Category: News & Politics

Intro amid the rapid spread of corona virus businesses around the world are closing doors and government officials are telling people to stay home meanwhile amazon faces perhaps its biggest challenge yet the pandemic has triggered a surge in online orders so big it's hiring a hundred thousand new workers... Read more

3-Stock Lunch: Goldman Sachs, Nvidia & Toll Brothers

Category: News & Politics

They're feeling more pressure. and you're seeing that in some places generally speaking, i found the ceo/cfo set at this conference quite constructive >>> david trainer, welcome to you. what do you think about the stock here >> goldman stacks is one of our favorite financials. having been on wall... Read more

DirecTV chief content officer on ESPN blackout: Disney is still mandating minimum penetration

Category: News & Politics

>>> welcome back to "power lunch." let's hit the latest on the big fight between disney and directv because 11 million or so of you subscribers have lost access to espn, abc, and more since sunday. this after the two could not reach a deal on pricing. as the blackout enters its fourth day, disney... Read more

Expect negative revisions from Tesla, says Barclays' Dan Levy

Category: News & Politics

The world on running your business, do you really want to not treat him properly? >> well, there may be even bigger problems for tesla, as it reports cooling sales and the overall ev market is slowing down or showing signs of it. while annual sales continue to grow, the growth rate is dipping,... Read more

Former Commerce Secretary on 2024 election, Trump's tariff strategy

Category: News & Politics

>>> we're -- our next guest gives us an inside view of the presi president race we have wilbur ross. his new book is out today. "risks and returns." thanks for joining us, wilbur. looking quickly. i've known you for so long and you have been coming on "squawk box" and on wall street for 55 years.... Read more