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  • Disney-youtube Tv Dispute Threatens To Blackout Popular Channels

    Disney-youtube Tv Dispute Threatens To Blackout Popular Channels

    YouTube TV is once again embroiled in a dispute, this time with media giant Disney. This disagreement is centered around crucial channels including ABC and ESPN.

    Disney Channels May Soon Vanish From YouTube TV

    Following the recent dispute with NBC, another contract negotiation has become a contentious issue. The current broadcast agreement between YouTube TV and Disney is due to end on October 30. If a new agreement isn’t reached by then, subscribers could lose access to a host of major channels.

    The channels potentially affected by this issue extend beyond Disney Channel. The entire ESPN suite, local ABC affiliates, and more could be impacted. Disney is already alerting YouTube TV customers about the impending deadline through on-air messages. Disney has publicly criticized Google, alleging the company is exploiting its position to the detriment of their customers. They also pointed out that the disagreement could result in the loss of essential programming such as the NFL, college football, NBA, and NHL seasons.

    Google, on the other hand, has a different perspective. It claims that Disney is demanding costly financial terms that would necessitate a price increase for all subscribers. They add that Disney’s terms would predominantly benefit its own live TV product, Hulu + Live TV. In the event of an extended blackout of the channels, Google has committed to providing a $20 credit.

    A Battle Beyond a Contract Disagreement

    While the loss of a channel can be disappointing, losing the entire ESPN suite, particularly during the football season and the beginning of the NBA/NHL seasons, could be a significant setback for sports enthusiasts who pay for this content. Such a loss could potentially drive customers to other providers.

    This dispute’s key aspect is Google’s negotiations with a company that also owns one of its most significant and direct competitors, Hulu + Live TV. This situation places Google in a challenging position: it must either meet Disney’s demands, potentially financing their competition, or refuse and risk losing subscribers to the rival.

    This situation further demonstrates the complexities of the streaming world. Unlike recent disagreements with NBC or Fox, Google is negotiating with a company that stands to gain from YouTube TV’s failure.

    The Exhausted Customer

    These constant corporate battles are becoming tiring and frustrating for customers, who often feel like mere pawns. They had experienced similar situations with NBC and Fox, and now with Disney. The constant threats and public disagreements have become the new normal, adding to customer frustration.

    The original appeal of streaming TV was flexibility and affordability. However, the reality seems to be mirroring the old cable bundle model on a new platform, complete with the same disputes over carriage rights.

    While it is unclear who is in the right, a $20 credit is not the solution. It is highly likely that an agreement will be reached at the last minute, as with previous instances. However, this cycle of panic and resolution could repeat in a few months.

    Questions & Answers

    What is the dispute between YouTube TV and Disney about?
    The disagreement is centered around the renewal of their broadcast contract. If a deal isn’t reached, major channels like ABC and ESPN could be removed from YouTube TV.

    What does Google claim about Disney’s demands?
    Google alleges that Disney’s demands would force them to raise prices for all subscribers and that the terms would mainly benefit Disney’s own products like Hulu + Live TV.

    What would happen if the channels were blacked out for a prolonged period?
    Google has stated that they would offer subscribers a $20 credit if the channels become unavailable for an extended period.

  • 3 Stocks Set To Capitalize On The Booming Sports-Betting Industry

    3 Stocks Set To Capitalize On The Booming Sports-Betting Industry

    After a difficult start to the year, the world economy is finally trying to open up. A good example is the online casino bets and gambling stock, which have taken Wall Street by storm in the recent past as the sports economy reopens and the return of live sports. In this article, you’ll discover three stocks that are positioned to take advantage of the booming sports-betting trend. 

    DraftKings

    DraftKings benefited greatly from the stay-at-home measures that lead to an increase in online sports betting and gambling on online platforms like Betway. When it announced recently that they have a partnership deal with ESPN and Michael Jordan had joined its board as a special advisor, their shares bounced. 

    According to reports, activities on the platform have surged by over 400% since going public on April 24. The DraftKings reported mixed earnings for the second quarter on August 14 as most of the major leagues remained on the break due to the global pandemic. They reported revenue of 75 million USD, surpassing the consensus estimates of 66.4 million USD.  

    Penn National Gaming

    Penn National was in the limelight at the beginning of the year when they expanded into sports media and online betting. They acquired a 36% stake in Barstool Sports, a renowned sports media company that operates up to 41 casinos and racetracks in 19 states across the US. As a result, Penn National’s stock jumped 166% since the beginning of the year.

    Reports indicate that Penn is projected to beat earnings and revenue expectations in the second quarter despite a staggering opening of some of its properties and a lack of live sports. In a statement during the release of the company’s earnings on August 6, The President and CEO, Jay Snoden, reiterated that even though visitation had not returned to pre-COVID levels yet, spend per visit had been strong, leading to better revenues than expected. 

    Apart from EPS and revenue, investors will be eager to hear reports on the Barstool Sportsbook app’s success that was launched in mid-September in Pennsylvania. 

    Boyd Gaming 

    Boyd Gaming is a company based in Nevada that operates sportsbooks in most of its casinos. It runs 29 casinos in 10 states and owns 5% in the Fan Duel, which is an online sports betting platform similar to Betway. 

    Reports reveal that the regional casino operator’s shares have recovered impressively after hitting unprecedented lows during the pandemic’s peak in March. While reporting their second-quarter earnings, Boyd CEO Keith Smith revealed that the company is off to a great start since the reopening. He also said that they managed to do better than had been projected. 

    Bottom Line

    With the return of live sports action, the stock markets are expected to respond positively. Even though many people took to online sports betting sites like Betway during the pandemic, live sports’ return gives them more options. Therefore, in the next few months, you should expect to see the boom in the sports betting market to continue.