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 CFO Hugh Johnston warns sports fans that the ongoing ESPN-YouTube TV carriage dispute could go "as long as they want".

Disney has its quarterly earnings scheduled for Thursday, which could be a potential impetus for a deal to be completed.

Disney said that it "cannot predict how long this service blackout will last," referencing its long-running dispute with YouTube TV.

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,

Disney shares plunged 8% in early trading Thursday after the company reported disappointing revenue and warned of a prolonged distribution fight with YouTube TV. Why it matters: Disney+ and Hulu's continued growth was overshadowed by a streaming-era carriage disagreement and declines in the legacy TV business.

The Disney-YouTube TV fight is on day 13. One analyst expects a deal before Disney's earnings report.