A handful of ABC-affiliates have struck a deal with Walt Disney Co. to share a portion of the retrans fees they collect from cable and satellite providers.
Here’s Bloomberg on the development:
The agreement, along with accords Disney-owned stations have reached with pay TV operators, covers 64 percent of the U.S., Anne Sweeney, president of the Disney/ABC Television Group, said at an investor meeting today. Stations may pay a license fee to Disney or share fees they collect from cable and satellite TV systems, she said. Other terms weren’t disclosed.
The agreement comes days after Disney reported that its profits were up 54%, with 43% of the overall revenue coming from the company’s media networks division.