Warner Rebounds after Charter/Disney Settlement

September 18, 2023

Warner Bros (WBD) recovered a bit this week on news that Disney and Charter reached an agreement to keep Disney channels in the Charter linear cable bundle. From my perspective, it’s an attractive deal for Disney. Charter has agreed to continue to pay Disney over $2BN per year. The only concession that Disney agreed to is that it will allow Charter subscribers to access an ad version of Disney+. If you are a linear provider like DIS, PARA and WBD, including an ad version of your premium offering allows you to reap the benefits of the cable bundle for much longer (in my opinion!).