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© Reuters. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo
(Reuters) – Charter Communications (NASDAQ:) said on Friday Walt Disney (NYSE:) Co declined its proposal for a distribution agreement and pulled video channels from its cable service, in a move that will impact the cable operator’s earnings.
Charter said it was paying about $2.2 billion in annual programming costs to Disney, excluding the impact of
advertising revenue for both parties.
Disney did not immediately respond to Reuters’ request for a comment.
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