Subject: DIS and CHTR
Looking at the deal between DIS and CHTR. Obviously, it is good, because it restores the cash flow to DIS, but the real significance is in the future. From what I gather, Charter subscribers will now get the full DIS/ESPN package, and CHTR will pay DIS a discounted per-subscriber rate. In essence, they will share subscribers; DIS will provide the programming, and CHTR will collect the fees and pay them to DIS. Short-term, CHTR gets to keep its subscribers but gives up some profit. DIS gets a lot of new subscribers but gives up some profit. Long term, both get to preserve their options. Maybe not a bad deal for either.

abromber