After failing to reach a deal with Disney, YouTube TV will not be able to distribute Disney-owned channels such as ESPN and ABC on its platform, and has dropped the monthly subscription price to its platform by $15, to $49.99.
Negotiations between the two companies have been going on for months. The deal expired Friday.
Disney had indicated earlier this week it was “optimistic” about the prospect of resolving the carriage dispute. But the parties said the discussions had not resulted in an agreement and the networks disappeared from the internet-delivered bundle.
YouTube TV surpassed 3 million subscribers as of fall 2020, according to Google parent Alphabet. Some Wall Street analysts believe it now has more than 4 million, making it the largest internet TV bundle. It ranks among the top 10 pay-TV distributors of any kind.
“We’ve held good faith negotiations with Disney for several months,” YouTube said in a blog post. “Unfortunately, despite our best efforts, we’ve been unable to reach an equitable agreement before our existing one expired, and their channels are no longer available on YouTube TV.”
In a statement, Disney Media & Entertainment Distribution said, “We’ve been in ongoing negotiations with Google’s YouTube TV and unfortunately, they have declined to reach a fair deal with us based on market terms and conditions. … We stand ready to reach an equitable agreement with Google as quickly as possible in order to minimize the inconvenience to YouTube TV viewers by restoring our networks. We hope Google will join us in that effort.”
Check back here on Chip & Co. for the latest theme park and entertainment news updates!