Do media company CEOs even like movies and television? More than a few Hollywood writers and actors have wondered that aloud.
between Disney and Spectrum, the second largest cable company in the U.S. It’s a battle between the old model and the new model . The latter has seen Disney funnel its marquee efforts away from linear TV and that shift has helped accelerate cord-cutting. You can see why the two companies are at loggerheads.
Spectrum is owned by Charter Communications, which was paying Disney $2.2 billion a year in carriage fees. Disney wants more. Charter says it would have to pass that cost to customers, so it wants something in return: Make the ad-supported tiers of Hulu and Disney+ available to cable subscribers for free. Disney balked and pulled its linear channels off Spectrum, which means ABC, ESPN and FX are currently blacked out to subscribers. Neither conglomerate inspires sympathy.
In this Aug. 8, 2017 photo, the Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange.out three media stocks to sell as the Hollywood strike drags on: Disney , Paramount Global and Warner Bros. Discovery . “There’s a lot of head-scratching going on at these media corporations, trying to figure out how to get out of the hole they dug themselves in,” Tom Fontana, the TV writer and creator of HBO’s “Oz,”
the Washington Post last week. “Part of the way they want to get out of the hole is to make us pay for it.What would Irving Berlin make of all of this? Hollywood was no less dastardly a place when he wrote the lyrics for “There’s No Business Like Show Business” almost 80 years ago. But “let’s go on with the show” takes on a different sort of resonance when media CEOs seem willing to do just the opposite.
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