UBS shares the only 4 media stocks worth buying now as the cable bundle collapses, the Disney-Charter conflict gets ugly, and streaming growth slows
Business InsiderAPR 2023
Disney extorted Spectrum and its subscribers as it “negotiated” to bring popular channels back to millions of subscribers. It's clear that Spectrum wasn't trying to nickel and dime Disney — the cable company just wanted to pay a fair carriage fee in order to keep customer costs down and stop the financial bleeding via cord cutting. However, Disney’s massive corporate greed deprived millions of Americans, including home-state Floridians, of their favorite sports and channels. Disney needs to start caring about its loyal customers again.
While Spectrum fought Disney over the right to broadcast key channels, the cable company still billed customers for channels that were restricted during the carriage fee standoff. While some may blame Disney for the dispute, Charter, unlike all other major television companies, refused to extend programming while it negotiated a long-term deal. Charter should’ve put customers ahead of its petty dispute with Disney.