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YouTube TV (GOOG) revives deal with Disney (DIS)

By William Hoffman

16:04, 20 December 2021

YouTube TV logo on computer screen
YouTube TV returns Disney programming to the platform - Photo: Shutterstock


On Sunday, Alphabet announced that YouTube TV has come to terms on a deal with Disney to return ABC, ESPN and other Disney channels to the streaming platform.

The Google subsidiary originally removed some of Disney’s content over the weekend once the two sides failed to reach an agreement by the 17 December deadline and announced it would lower its price to $49.99 per month from $64.99, as long as the content remained unavailable.

Now, with an agreement back in place, subscribers will receive a one-time $15 discount on the service as ABC, ESPN, FX and Disney-Channel return to YouTube TV in the coming days.

GOOGL shares fell by 2.81% last week following the announcement, and despite reversing the decision over the weekend, its stock fell again on Monday by as much as 1.6% amid an overall down day in the market amid concerns over resurging Covid-19 cases.

Programming disputes

This is not the first time YouTube TV has feuded with its programming partners. Back in September, a similar contract negotiation dispute nearly removed NBC programming from the streaming TV service.

YouTube TV managed to come to an agreement with NBC as well bringing Bravo, E!, Oxygen, CNBC, Syfy, and The Golf Channel programming back to the service.


0.62 Price
+0.250% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0


38,841.75 Price
-0.020% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

The streaming service has become one of the top alternatives to traditional cable packages by offering much of the same programming with no need for a technician to install a cable line and box in the home.

Hulu Live and YouTube TV – the top two virtual cable companies or multichannel video programming distributors (MVPDs) – now represent more than 10% of all cable and satellite subscribers in the industry, according to LightShed Partners analyst Rich Greenfield.

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Subscriber counts

These virtual MVPDs keep their subscriber counts undisclosed but estimates from LightShed Partners suggest YouTube TV hit around four million subscribers in the second quarter compared with Hulu Live TV’s 3.7 million and Sling’s 2.5 million.

Dish – which owns the virtual MVPD Sling – reported 8.42 million DISH TV subscribers at the close of the third quarter, which is down 6% year over year, according to earnings.

Likewise, AT&T’s DirecTV offering was sustaining multi-year losses in its subscriber count and the company decided to spin it off to private equity firm TPG Capital earlier this year at a fraction of the price it bought it for years ago.

At the same time MVPDs are experiencing greater competition from single programme streaming options such as Netflix, HBO Max, Disney+, Paramount Plus and Peacock.

Read more: YouTubeTV, Disney (DIS) talks continue as deadline looms

Markets in this article

Alphabet Inc - A (Extended Hours)
132.30 USD
-0.56 -0.420%
Walt Disney Co (Extended Hours)
92.52 USD
-0.92 -0.990%
Walt Disney Co (Extended Hours)
92.52 USD
-0.92 -0.990%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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