DISH Network (DISH) Signs Landmark Deal with Disney
Shares of DISH Network Corp. (DISH) closed up +0.04 or +0.07 percent to $58. 88 per share on Monday. After the market close, the company announced a groundbreaking long-term agreement with The Walt Disney Company (DIS) that will allow DISH customers the option of streaming television programming over the Internet, versus receiving programs through a satellite dish.
Englewood, Colorado based DISH Network is a major provider of direct-broadcast satellite service, offering television, satellite internet and audio programming to over 14 million subscribers. The company employs roughly 34,000 people worldwide and earned $807 million on revenue of $13.9 billion in 2013. The wide-ranging distribution agreement with Disney will give DISH customers access to Disneyâ s ESPN, ESPN2, Disney Channel, ABC Family as well as content from all ABC-owned broadcast stations, as part of an IP based, Internet delivered multichannel offering. Disney content will be available to DISH customers on a variety of different platforms including televisions, computers, tablets, gaming consoles smartphones and other connected devices. DISH customers will also have access to Disneyâ s live and video on demand products such as Watch ESPN, WATCH Disney and WATCH ABC using both stationary and mobile Internet devices. Joseph P. Clayton, DISH Chief Executive Officer and President said â
Published on Mar 4, 2014
By Jay Hawk