Saturday, November 16, 2024

Google’s YouTube TV reaches deal to restore access to Disney channels

After the businesses negotiated a distribution agreement to end a two-day blackout, Alphabet Inc’s (GOOGL.O) YouTube began restoring access to Walt Disney Co (DIS.N) channels on its platform on Sunday.

“We’ve reached a settlement with Disney and have already started to restore access to networks like ESPN and FX,” YouTube said in a tweet.

The financial terms of the arrangement were not disclosed by either business.

Last week, YouTube warned that it would only extend its deal with Disney if the firm offered “equitable terms,” and it revealed that the monthly price for YouTube TV will be reduced by $15, from $64.99 to $49.99.

On Sunday, YouTube said a monthly subscription had reverted to $64.99, but affected users would receive a one-time $15 discount.

“We appreciate Google’s collaboration to reach fair terms that are consistent with the market,” Disney said in a statement on Sunday

YouTube and streaming platform Roku Inc (ROKU.O) announced a multi-year deal earlier this month to distribute YouTube’s flagship app and TV service, concluding a months-long struggle over anti-competitive conduct allegations.

Latest