Disney said it took a $110 million hit from its fight with YouTube TV

Core Viewpoint - Disney's prolonged dispute with YouTube TV resulted in significant financial losses, particularly impacting its sports segment's operating income by approximately $110 million due to a 15-day blackout of Disney-owned channels [1][2]. Group 1: Financial Impact - The overall operating income for Disney's sports division was reported at $191 million, reflecting a 23% decrease from the same quarter last year [2]. - The financial decline was attributed to the YouTube TV fallout, increased programming and production costs, and a reduction in subscription and affiliate fees [2]. Group 2: Dispute Details - The conflict centered around the valuation of Disney's content, particularly its sports rights, with Disney claiming YouTube TV was not offering a fair price [3]. - YouTube TV contended that higher payments would necessitate increased prices for its subscribers, leading to a customer credit of $20 during the dispute [3]. Group 3: Analyst Insights - Morgan Stanley analysts estimated that Disney was incurring losses of $30 million in revenue per week, equating to about $4.3 million daily, indicating a deeper impact on operating income beyond just revenue loss [4]. - Disney's upcoming earnings call is expected to provide further insights into the financial implications of the dispute [4].