Disney’s Showdown with Charter Heats Up, Plus Apple’s Overseas Headwinds 9/6/23
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 6 September 2023
⏱️ 9 minutes
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Summary
Transcript
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| 0:00.0 | Disney is now trying to boost growth for its streaming platform amid this |
| 0:05.4 | aggressive with an aggressive promotion amid this ongoing standoff with |
| 0:09.5 | charter over the contract fees. Are Julia Borstin here to break it all down what it means |
| 0:14.4 | for the future of TV, Julia, in our Tech Check segment? Well, Sarah, |
| 0:19.1 | Disney's Battle with Charter is being called an existential referendum on the future of the TV bundle and |
| 0:25.5 | a lot of other CEOs are weighing in Comcast CEO Brian Roberts. |
| 0:29.5 | That's CNBC's parent company discussing it today at the Goldman Sachs Communicopia Conference |
| 0:34.6 | saying he's not surprised by the dispute as every company is dealing with their |
| 0:38.9 | version of this transformational moment. He says the consumer wants simplicity |
| 0:43.4 | and the most bang for their buck |
| 0:44.8 | and this dispute is putting tension |
| 0:47.2 | around some of those issues. |
| 0:48.8 | Meanwhile, Paramount CEO Bob Backish, |
| 0:51.0 | also commenting, saying a dispute like this seems inevitable and |
| 0:54.6 | that he's been focusing on modernizing Paramount's distribution deals to offer |
| 0:59.5 | their streaming product as a tiered offering for pay TV subscribers. |
| 1:05.0 | So all of this comes as Charter is pushing to get access to Disney Plus for its subscriber |
| 1:09.8 | base without any additional cost. |
| 1:12.9 | So all of this and this conversation |
| 1:14.9 | at Disney versus Charter comes as today Disney |
| 1:18.0 | slashes the price of Disney Plus with ads |
| 1:20.5 | to $2 a month, that's a 75% discount for new and returning Disney Plus subscribers. |
... |
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