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Disney Withdraws Disney+ Streaming Deal With YES, Israel’s Telecom’s Satellite TV Unit – $DIS $DIA

By John F. Heerdink, Jr.

Reportedly, Israel’s Competition Authority has closed a case against Walt Disney (DIS) and YES, Bezeq Israel Telecom’s satellite TV unit after the companies agreed to cancel an exclusive streaming deal. The companies applied for permission from the Competition Authority.  

Earlier this month, Disney Israel launched its Disney+ streaming service in Israel and had forged an exclusive deal with YES to offer the service rather than make deals as well with the HOT, cable company, and internet-based TV operators.

“Disney has made it clear to the Commissioner that it is free to negotiate and enter into any agreement regarding the distribution of Disney+ broadcasts with competitors of YES,” the authority informed.

The agency informed that the companies withdrew their request for exclusivity.

Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.


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(Read Original Story: Disney cancels exclusive Disney+ streaming deal with Israel's YES in Reuters)


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