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Disney is losing $4.3 million a day in revenue because of YouTube TV drama
Rizzle
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7 hours ago
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Tech
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00:00
Disney is losing $4.3 million a day in revenue because of YouTube TV drama.
00:06
In the latest episode of Corporate Soap Opera Streaming Wars Edition,
00:10
Disney and Google have found themselves locked in a dramatic standoff
00:14
that's costing Disney an eye-watering $4.3 million every single day,
00:19
or about $30 million a week, according to Morgan Stanley.
00:23
The culprit?
00:24
A contract dispute over YouTube TV has left millions of subscribers
00:28
staring at blank screens instead of Monday Night Football.
00:32
The blackout, now dragging into its 12th day,
00:35
has pulled the plug on more than 20 Disney-owned channels,
00:38
including ABC, ESPN, FX, and National Geographic.
00:43
It all started when the companies failed to renew their distribution deal
00:46
by 11.59 p.m. Eastern Time on October 30th.
00:51
Cue the corporate finger-pointing.
00:53
Google claims Disney yanked its channels as a negotiating tactic,
00:56
accusing the House of Mouse of trying to squeeze higher rates
00:59
that would ultimately hike up prices for YouTube TV customers.
01:03
Disney, meanwhile, insists it's Google that's being cheap,
01:06
saying the tech giant refuses to pay fair rates for its content.
01:11
Both sides think the other is being greedy,
01:13
and viewers are the ones paying for it, literally.
01:15
To soften the blow, Google's been handing out $20 credits
01:18
to subscribers stuck in the middle,
01:20
though many aren't buying it, literally.
01:22
A Drive research survey found that 24% of U.S. subscribers
01:27
have either canceled or are planning to cancel YouTube TV altogether.
01:32
Ouch.
01:33
Analysts expect both sides to come to their senses soon,
01:36
probably after realizing just how much money they're burning.
01:39
Morgan Stanley predicts the feud could end by the end of the week,
01:42
but at this point, the only real winners are the analysts.
01:45
Until then, YouTube TV subscribers are left wondering which will end first,
01:50
the Disney-Google blackout or the next government shutdown.
01:53
Either way, viewers just want their sports, sitcoms, and Shark Tank back,
01:57
preferably before the popcorn runs out.
01:59
.
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