Would You Pay $100 a Year for ESPN?
A battle that Walt Disney (NYSE: DIS) can't afford to lose continues to heat up. The media giant is threatening to pull ESPN, Disney Channel, ABC, and its other networks from the country's fourth-largest cable provider if Altice USA (NYSE: ATUS) doesn't pony up to meet its demands by the end of this week.
Altice has been telling its Optimum cable subscribers that Disney is asking for hundreds of millions of dollars in new fees in order to retain its carriage rights come Oct. 1. Altice doesn't want to pay, and it's betting that its subscribers don't want to pay. The face-off is real, and it's hard to fathom a win-win-win scenario where Disney, Altice, and its cable subscribers all come out ahead.
Source: Fool.com