Core Insights - YouTube TV is leveraging its growth and market position in negotiations with Disney, indicating a shift in bargaining power within the pay-TV industry [4][10][14] Company Overview - YouTube TV has grown from 2 million subscribers in late 2019 to approximately 10 million, making it the fastest-growing major TV provider [4][10] - The service is now the third-largest pay-TV provider, behind Charter and Comcast, and is projected to surpass them within two years [5][10] - Revenue for YouTube TV is estimated to have increased from less than $1 billion in 2019 to just under $8 billion in 2024, with projections of $11.6 billion by the end of 2027 [10] Industry Dynamics - Disney's channels, including ESPN and ABC, have been absent from YouTube TV for over a week due to a valuation dispute [2][3] - The competition in the virtual pay-TV space includes services like Fubo, Sling TV, Hulu + Live TV, and DirecTV Stream, which have gained popularity among younger audiences [11][12] - The migration of sports content to standalone streaming services is impacting traditional pay-TV models, including YouTube TV [13]

Disney said on Friday that it is continuing negotiations with Google's YouTube TV to bring back ABC and ESPN after the entertainment giant's networks went dark on the pay-TV service. ...

Core Viewpoint - The ongoing dispute between Disney and Google over licensing for YouTube TV has significant implications for both companies, particularly affecting Disney's subscriber base and YouTube TV's growth potential [1][2][3]. Group 1: Impact on Disney - Disney channels, including ESPN and ABC, have been unavailable on YouTube TV since October 31, resulting in a loss of 15% of Disney's subscriber base across these channels [2]. - The blackout is described as a "real problem" for Disney, indicating potential financial pain if the issue remains unresolved [3]. - Disney has alternative monetization channels, such as Hulu + Live TV and a 70% stake in Fubo, which could mitigate some losses from the YouTube TV outage [9]. Group 2: Impact on Google - For Google, the outage of Disney channels on YouTube TV is less critical, as the company's investment interest is primarily driven by search, AI, and cloud services rather than YouTube TV [2]. - Despite the outage, YouTube TV has seen a 25% increase in downloads, suggesting some resilience in its user base [10]. - Google's commitment to growing YouTube TV subscriptions is evident, as it is positioned as the No. 4 pay-TV service in the US, and losing ESPN could hinder its growth prospects [8]. Group 3: Market Dynamics - Analysts suggest that the dispute highlights the competitive landscape of streaming services, with Disney leveraging its other platforms to counterbalance the impact of the blackout [4][9]. - The data indicates a significant increase in downloads for Fubo TV (88%) and Hulu (33%) during the outage, showcasing a shift in consumer behavior [10]. - The expectation is that both companies will reach an agreement to minimize disruption, as prolonged issues would not benefit either party [11].

A contract dispute between Disney and YouTube TV has resulted in the removal of ESPN, ABC, FX and all other Disney-owned channels from the streaming service, with little indication that the standoff will be resolved soon.The disagreement stems from the "carriage fee" that Google pays Disney in order to broadcast its channels on YouTube TV. Disney has run into similar negotiating standoffs with other broadcasters in the past, including Spectrum/Charter cable in 2023 and DirecTV in 2024. Disney asked YouTube ...

Apollo Global Management (NYSE:APO) Q3 2025 Earnings Call November 04, 2025 08:30 AM ET Speaker0Good morning, and welcome to Apollo Global Management's Third Quarter twenty twenty five Earnings Conference Call. During today's discussion, all callers will be placed in a listen only mode. And following management's prepared remarks, the conference call will be opened for questions. Please limit yourself to one question and then rejoin the queue. This conference call is being recorded.This call may include for ...

Apollo Global Management (NYSE:APO) Q3 2025 Earnings Call November 04, 2025 08:30 AM ET Speaker1Good morning and welcome to Apollo Global Management's third quarter 2025 earnings conference call. During today's discussion, all callers will be placed in a listen-only mode, and following management's prepared remarks, the conference call will be open for questions. Please limit yourself to one question and then rejoin the queue. This conference call is being recorded. This call may include forward-looking sta ...

Key TakeawaysAmazon (AMZN) and OpenAI have inked a $38 billion cloud computing deal, fueling the ongoing AI spending spree and boosting tech stocks globally.China has ended a long-standing Value-Added Tax (VAT) exemption on gold sales, effective November 1, 2025, leading to a dip in gold prices and concerns over increased costs for consumers.The Reserve Bank of Australia (RBA) held its official cash rate steady at 4.35% in November 2025, as expected, amid rising inflation and economic complexities.Stellanti ...

Core Viewpoint - Disney's decision to pull its channels, including ESPN and ABC, from YouTube TV resulted in an increase in its stock price, raising questions about market dynamics and investor sentiment [1]. Market Sentiment - There is a notable polarization in views regarding the future of stocks, with discussions extending beyond traditional concerns about high market valuations [2]. - Current bearish arguments include worries about AI capital expenditure and the significant influence of mega-cap tech companies on market indexes, suggesting a more substantial basis for bearish sentiment [2]. Bullish Perspective - Investors are optimistic about AI spending leading to significant profit growth, which could drive stock prices higher. Additionally, anticipated Federal Reserve rate cuts are viewed as beneficial for the market, particularly for sectors sensitive to economic changes [3]. Investment Recommendations - For bullish investors, the expectation of Federal Reserve rate cuts is seen as a positive factor that could stimulate economic activity, despite ongoing inflation concerns [5]. - Bank of America has recommended specific sector ETFs that are positioned to benefit if the economy experiences a boom in early 2026 [7].

Core Viewpoint - Disney has requested YouTube TV to restore access to ABC for its subscribers on Election Day after a blackout occurred due to a contract dispute over pricing [1][2][3]. Group 1: Contract Dispute - Disney-owned channels went dark on YouTube TV as the contract expired, affecting 10 million subscribers who lost access to channels like ABC, ESPN, and FX [1][4]. - Disney accused YouTube of refusing to pay fair rates for its channels, while YouTube claimed Disney's terms would increase prices for customers [2][3]. - The blackout duration is uncertain, but YouTube TV has offered a $20 credit to customers if the channels remain unavailable for an extended period [3]. Group 2: Impacted Channels and Programming - Channels affected by the blackout include ESPN, ABC, Disney Channel, FX, Freeform, National Geographic, and various Spanish-language channels [4]. - Major sporting events and popular television programs, such as college football games and shows like "Jimmy Kimmel Live!" and "Dancing with the Stars," may be impacted by the blackout [5]. Group 3: Industry Context - Disney is not alone in facing contract disputes with YouTube TV; other companies like NBCUniversal and Paramount have also had similar issues recently, often resolved before a blackout occurred [6][7].

Disney has asked Google's YouTube TV to restore ABC for Election Day coverage in service of public interest, just days after its networks went dark on the pay-TV platform. ...