Walt Disney, Charter Settle Dispute; Stocks Rise

The 10-day channel blackout will end before Monday Night Football

Deputy Editor
Sep 11, 2023 at 2:17 PM
facebook X logo linkedin

After pressure from customers, particularly during recent sporting events such as the U.S. Open Tennis Championship, Walt Disney Co (NYSE:DIS) and Charter Communications Inc (NASDAQ:CHTR) have reached an agreement to return ESPN, ABC, and other Disney channels to Spectrum. The blackout on these channels, which started Aug. 31, appears to be conveniently ending right before 'Monday Night Football.'

Analysts have been keeping a close eye on the deal, with some even mentioning how it could determine the future of television streaming. Co-chairman of Disney Entertainment Dana Walden said today that "it's an innovative and first-of-its-kind agreement and it took some time to iron out where the greatest value was for each company."

At last glance, Charter Communications stock was up 3.3% to trade at $436.51, while Disney stock moves 1.1% higher at $82.47. CHTR isn't too far off from its recent Aug. 29 52-week high of $452.25, while DIS moves further from its Sep. 7 three-year low of $79.75.

Options bulls are targeting DIS after the news, with 221,000 calls exchanged so far, volume that's double the intraday average amount. The September 85 call is the most active contract, with new positions being bought to open. 



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI