Tesla Inc. investor Ross Gerber lauds the recent deal between The Walt Disney Company DIS and Charter Communications CHTR as beneficial for both parties involved.
What Happened: Gerber expressed his positive view on the deal via X, formerly known as Twitter, calling it a “win win” for both Disney and Charter.
See Also: How A United Auto Workers Strike Could Cost US Economy Billions
The deal in question is a transformative agreement for the distribution of Disney’s linear networks and direct-to-consumer services. As part of this arrangement, Disney+ Basic Ad-Supported Offering and ESPN+ will be included in Spectrum TV Select Video packages. Furthermore, Charter will make Disney’s Direct-To-Consumer Services available for purchase by its broadband-only customers.
Why It Matters: Prior to the agreement, Disney was in a dispute with Charter, which could have resulted in consumers missing out on NFL games and the U.S. Open tennis tournament.
The dispute was considered a potential boon for other companies, but the recent agreement seems to have averted this scenario. Gerber’s endorsement of the deal underscores its significance in resolving the dispute and potentially reaping benefits for both Disney and Charter.
Read Next: A cutting-edge system for powering homes independently is emerging. The company behind it has secured $6.5 million in funding and you can also be an investor. Click here to find out more about YouSolar.
Photo via Shutterstock.
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
