🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Google's YouTube TV reaches deal to restore access to Disney channels

Published 12/19/2021, 04:46 PM
Updated 12/19/2021, 08:55 PM
© Reuters. FILE PHOTO: YouTube app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
DIS
-
GOOGL
-
GOOG
-
ROKU
-

(Reuters) - Alphabet (NASDAQ:GOOGL) Inc's YouTube began restoring access to Walt Disney (NYSE:DIS) Co channels on its platform on Sunday, after the companies reached a distribution agreement to end a two-day blackout.

YouTube tweeted that "we've reached a deal with Disney and have already started to restore access to channels like ESPN and FX."

Neither company disclosed the financial terms of deal.

YouTube warned last week that it would only renew its agreement with Disney if the company offered "equitable terms" and announced that it was cutting the monthly price for YouTube TV by $15, from $64.99 to $49.99.

On Sunday, YouTube said a monthly subscription had reverted to $64.99, but affected users would receive a one-time $15 discount.

© Reuters. FILE PHOTO: YouTube app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

"We appreciate Google's collaboration to reach fair terms that are consistent with the market," Disney said in a statement on Sunday.

YouTube earlier this month struck a multi-year pact with streaming platform Roku (NASDAQ:ROKU) Inc to distribute YouTube's flagship app and TV service, ending a months-long battle over accusations of anti-competitive conduct.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.