Disney, Charter agree to carriage deal
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Update 11:55am: Companies confirm agreement, updates shares.
Disney (NYSE:DIS) and Charter Communications (NASDAQ:CHTR) agreed to a carriage deal to resolve a dispute where Charter customers were blocked from watching ESPN and ABC this month. Disney rose 1.5%, while Charter (CHTR) gained 2.3%.
Disney+ basic ad-supported offering will be included in Spectrum TV select video packages as part of arrangement, according to a statement. Spectrum TV select package and ESPNâs flagship direct-to-consumer service. Financial terms of the pact weren't released. 
FuboTV (FUBO) fell 9.6% amid the news. Paramount Global (PARA) rose 1.6% and Warner Bros. Discovery (WBD) gained 1.6% on the report.
Under the agreement, Charter (CHTR) will make Disneyâs (DIS) direct-to-consumer services available for purchase by broadband-only customers, according to the statement.
 Walt Disney (DIS) TV channels went dark on Charter (CHTR) cable systems on Aug. 31 amid a carriage dispute between the two companies. As usual in these increasingly common disputes, the gap is between the rates Disney is demanding to carry the channels and what Charter is willing to pay.
"This deal recognizes both the continued value of linear television and the growing popularity of streaming services, while addressing the evolving needs of our consumers," Walt Disney CEO Bob Iger and Charter CEO Chris Winfrey said in the statement. "We also want to thank our mutual customers for their patience this past week, and are pleased that Spectrum viewers once again have access to Disney's high-quality sports, news and entertainment programming, in time for Monday Night Football." 
CNBC's David Faber first reported on a potential deal earlier Monday.
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