Disney, YouTube
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On the streaming topic, analysts pointed out that they were taking into account 14 days of impact from the ongoing YouTube TV blackout, which they estimated at “$60 million revenue headwind.” This means that with each week that passes with Disney channels not accessible via YouTube TV, Disney is losing around $30 million.
Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.
Two weeks into the YouTube TV blackout of Disney networks including ESPN and ABC, Disney CEO Bob Iger said the company is working 'tirelessly' to close a deal but that it's 'imperative' a renewal 'reflects the value that we deliver.
Disney said that it "cannot predict how long this service blackout will last," referencing its long-running dispute with YouTube TV.
YouTube TV's 10 million customers have been without Disney channels for two weeks; CEO Bob Iger told Wall Street analysts: "We're trying really hard ... working tirelessly to close this deal."
The 24/7 sports network will debut Monday exclusively on YouTube TV before rolling out to Xfinity and other distributors, NBCUniversal said Thursday.
The Disney-YouTube TV fight is on day 13. One analyst expects a deal before Disney's earnings report.
CNBC’s Julia Boorstin and Disney CFO Hugh Johnston join 'Squawk Box' to discuss the company's quarterly earnings results, the company's streaming strategy, Disney's theme parks business, negotiations over YouTube TV blackout,