• Mon. Apr 15th, 2024

Uncertainty Over Disney, Fox Corp., and Warner Bros. Discovery’s Sports Streaming Joint Venture: Interview with Charter Communications CEO Chris Winfrey

BySamantha Johnson

Mar 6, 2024
Charter CEO Highlights New “Genre-Based Packaging” Strategy as Fox-Disney-WBD Sports Bundle is Revealed

Charter Communications president and CEO Chris Winfrey has responded to the planned sports streaming joint venture between Disney, Fox Corp., and Warner Bros. Discovery. The venture aims to offer live linear channels such as ESPN, ABC, Fox, TNT, and TBS as well as games and sports rights from all three companies on a nonexclusive basis.

During the Morgan Stanley Technology, Media and Telecom Conference, Winfrey expressed uncertainty about the venture meeting the needs of sports fanatics. He questioned whether they have no interest in news or entertainment segments despite including 60-70% of sports content in the offering.

The sports streaming joint venture is expected to launch in the fall in time for the NFL season and will be available directly to consumers. It will also be offered as a bundle with WBD’s Max, Disney’s ESPN+, and Hulu. Winfrey praised the decision of the three Hollywood media giants to bundle like-for-like streaming content, highlighting the benefits he sees in genre-based packaging.

As a content distributor, Charter has long advocated for genre-based packaging. Winfrey pointed out that it was an admission from programmers that genre-based packaging along with a la carte options is the right approach despite being unexpected.

When asked about market speculation regarding Charter considering a takeover of cable TV operator Altice USA, Winfrey remained mum on the matter. He said that while Charter generally favors cable M&A, it must be done in a way that generates value for shareholders.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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