Verizon (NYSE: VZ) customers can continue to watch ESPN, ABC, and other channels owned by Disney (NYSE: DIS) after the two companies announced a deal over programming fees.
The telecommunications giant and the entertainment company said in a joint statement Sunday: "Verizon and The Walt Disney Company have reached a broad-based distribution agreement."
The statement said details would be released in the coming days.
The companies faced a midnight deadline tonight. Without an agreement, Verizon’s Fios network would have stopped carrying Disney channels.
Verizon also tells subscribers and shareholders it is not standing pat.
This year, the company chieved a series of 5G technological firsts with our technology partners, including: First video call placed over a pre-commercial 5G connection on a prototype 5G device at the 2018 Super Bowl with Samsung in February: First 5G NR data transmission in a lab with Nokia and Qualcomm in February: First two-way data transmission of 3GPP 5G NR and the first use of multi-carrier aggregation to boost the signal into Gbps range -- outdoors -- with Nokia in June: First transmission of a 5G NR signal to a receiver in a moving vehicle with Nokia in August.
Said Chief Technical Officer Kyle Malady, "Throughout the years, we’ve created platforms that have spurred technological innovation and economic development, introducing mobile data and then really making mobile internet and the ecosystem around it ubiquitous with 4G LTE. We think what happened with 4G was small compared to the possibilities we open up with 5G."
The company opened the last session of 2018 down 16 cents to $55.11
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