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The dispute soured investor sentiment on the sector, which has also been grappling with the Hollywood writers and actors strike over wages and other issues
Disney blocked ESPN and ABC from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.
Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees. Disney on Thursday night blocked its cable channels, including ESPN and ABC, from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.
Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers Discovery Inc were dragged down on Friday by a dispute between media heavyweight Disney and cable provider Charter Communications over television distribution fees. Disney on Thursday night blocked its cable channels, including ESPN and ABC, from being shown on Charter's Spectrum network after the two companies failed to secure a distribution agreement.
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) - Shares of several U.S. entertainment companies including Fox Corp and Warner Brothers ...