Paramount Bob Bakish Acknowledges Wall Street’s Dim View Of Charter-Disney Battle, But Touts His Efforts To “Modernize” Pay-TV Relationships To Suit Streaming Era
deadline.comParamount Global CEO Bob Bakish said the Disney-Charter carriage dispute took a “notable” financial toll on many pay-TV stakeholders, but he touted his efforts to “modernize” the company’s distribution relationships for the streaming era.
Speaking at the Goldman Sachs Communacopia + Tech Conference, Bakish said last Friday was “obviously a notable day for the industry.” That was the first trading day after 18 Disney cable networks and eight ABC stations went dark on Charter’s Spectrum TV service.
It brought a collective $15 billion hit to the market value of a number of programmers and operators, Bakish estimated, as the carriage impasse “was interpreted as a negative” by investors.
Nevertheless, he continued, “all companies are not of the same point of view” when it comes to co-ordinating their efforts across linear TV, streaming and other lines of business.
Read more on deadline.com
