Disney and TWC near deal on rights row
Stephen Foley is a former Associate Business Editor of The Independent, based in New York. He left in August 2012. In a decade at the paper, he covered personal finance, the UK stock market and the pharmaceuticals industry, and had also been the Business section's share tipster. Between arriving with three suitcases in Manhattan in January 2006 and his departure, he witnessed and reported on a great economic boom turning spectacularly to bust. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards.
Tuesday 31 August 2010
Disney is closing in on a deal that will wring more money from the US cable giant Time Warner Cable (TWC) for carriage of the Disney television channels.
The tussle is the latest example of the shifting balance of power between content providers and carriers. Disney had been running ads warning TWC cable customers that they could soon lose access to channels including the sports leader ESPN and the network ABC, home to Modern Family, which won the Emmy for best comedy on Sunday.
But the two sides called off negative ad campaigns at the weekend because of progress in their talks. Disney wants more money for supplying its channels on cable. TWC wants access to more Disney shows to put on its video-on-demand services. In common with other media giants, Disney is exploring new services for its content, including rental on Apple's iTunes.
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