One of the biggest cable companies in the United States has a message for media companies: The traditional cable-TV model is broken, and it needs to be fixed or abandoned.
Cable TV is too expensive for consumers and providers, Charter Communications, which has nearly 15 million pay-TV subscribers, said in a 11-page presentation to investors on Friday.
The channels will not be available to Charter subscribers until both sides agree on how much Charter will pay Disney to carry its channels.
Charter delivered a scathing indictment of the cable television industry, which has generated billions of dollars for companies like Disney and Charter for decades.
It’s a notable acknowledgment from Charter, one of the companies that propelled much of that growth.
Persons:
It’s
Organizations:
Cable, Charter Communications, Walt Disney Company, ESPN, FX, Disney, Charter
Locations:
United States