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TheStreet Open House

The Walt Disney Company And Charter Communications Announce New Distribution Agreement

Stocks in this article: CHTR DIS

Charter Communications and The Walt Disney Company (NYSE: DIS) today announced a comprehensive long-term distribution agreement to deliver Disney’s robust lineup of top quality sports, news and entertainment content to Charter TV customers across televisions, computers, smartphones, tablets, gaming consoles and internet-enabled televisions. The renewal agreement supports the companies’ mutual goal to deliver the best video content to customers across multiple platforms. Launch of content across these new distribution platforms is planned to begin in the first half of 2013.

As part of the new multi-year deal, The Longhorn Network will launch in Texas, Louisiana and Virginia systems by football season next year. Charter and The Walt Disney Company will also introduce several new services, including the full suite of authenticated WATCH products, ESPN Goal Line, ESPN Buzzer Beater, as well as the upcoming ABC News/Univision Joint Venture, a 24/7 news, information and lifestyle multi-platform network for English-dominant and bilingual Hispanics, the youngest and fastest-growing demographic in the U.S. In total, approximately 70 services are covered by the broad scope of this agreement including: ABC, ABC Family, Disney Channel, Disney Junior, Disney XD, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPNEWS, ESPN Classic, ESPN Goal Line, ESPN Buzzer Beater, ESPN 3D, ESPN GamePlan, ESPN Full Court, ESPN3, The Longhorn Network, and retransmission consent for WABC-TV, KABC-TV, WLS-TV, KGO-TV, KTRK-TV, WTVD-TV and KFSN-TV, as well as more than 10 high-definition networks.

Charter customers will receive broad access to existing authenticated products like WATCH Disney Channel, WATCH Disney XD and WATCH Disney Junior, the to-be-launched WATCH ABC and WATCH ABC Family services and WatchESPN (ESPN, ESPN2, ESPN3, ESPNU, ESPN Goal Line and ESPN Buzzer Beater). These products will give Charter customers more opportunities to access live and video on demand content, both in-home and out-of-home, on their computers, smartphones, tablets and gaming consoles.

“This agreement enables us to offer our customers additional value, choice and convenience,” said Allan Singer, Charter’s Senior Vice President, Programming. “More and more content is being enjoyed on tablets and other Internet-connected devices, and today’s viewers are sharing their TV experiences in new ways. Our agreement with Disney enables more robust ways to enjoy and socialize TV.”

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