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.
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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.