Despite softness in one of pay-TV's most powerful programming engines, the Walt Disney Company reported a 19 percent uptick in fourth-quarter profits Wednesday.
DirecTV-subscribing college sports fans on the West Coast can't watch the Pac-12 Network, but they can watch University of Texas games on the Longhorn Network.
The National Cable Television Cooperative has announced its first-ever broadcast retransmission agreement with The Walt Disney Company, a deal that covers eight stations in major markets including New York, Los Angeles and Chicago.
Despite haggling that dates back to the early part of the year, DirecTV and Disney will likely end 2014 without a new long term program licensing deal in place.
Due to massive TV rights deals signed with the NFL, NBA and Major League Baseball, media conglomerates Fox and Disney are each looking at long-term sports licensing commitments approaching or exceeding $50 billion.
Disney may have negotiated ample streaming rights for ESPN as part of its recent programming deals, including the just-signed $1.5 billion-a-season agreement with the NBA, but the media conglomerate has no plans to take ESPN a la carte anytime soon.
Disney and Time Warner Inc. paid through the nose to lock up an additional nine years of NBA rights and secured access to one of the most coveted assets in what is now the Sports Age. But according to research company The Diffusion Group, the $24 billion deal left pay-TV--and consumers--vulnerable.
With the pay-TV industry starting to digest the news that Disney and Turner will triple the licensing fees they pay the NBA to around $24 billion over nine years, industry analysts and operators are asking the inevitable question: how are these massive programming costs going to get paid for?
The NBA has announced nine-year extensions of its TV deals with Disney and Turner Networks, tripling its licensing bounty to around $2.6 billion a year and greatly expanding the scope of TV Everywhere access to pro basketball games.
Despite significant recent audience declines among cable's biggest programming networks, and a sudden dip in advertising sales, media conglomerates generally reported strong revenue growth during the second quarter. How do they do it? Is it volume, volume, volume? Not exactly.