"Verizon and The Walt Disney Company have entered into a broad distribution agreement and details will be released in the coming days," Verizon announced Sunday.
The two companies had until December 31 at 17:00 ET time to communicate before Verizon stopped wearing Disney channels. ABC subsidiaries would also have been banned for Fios customers in New York and Philadelphia.
The quarrel had remained behind closed doors for months, but this week it was outspoken to the public after Disney started showing ads on television. The commercials said ABC and ESPN may be dimmed in January to prevent some Fios customers from seeing the Rose Bowl, some NFL playoff games and other sports programs.
"Our proven history of delivering value to consumers and distributors is unmatched," said an ESPN spokeswoman in a statement. "Our negotiations are continuing in earnest, and we remain confident that we can make a deal."
Verizon (VZ) responded by emailing the Fios customers, asking them to "be sure" that they wanted to reach a "fair deal". ̵
"Regardless of what you may hear from Disney, we have negotiated an extension agreement to keep their networks," the company told the customer. "Disney is currently proposing that Verizon pay hundreds of millions more dollars for programming, even though many of its key networks are seeing declining viewer numbers."
Verizon says Disney (DIS) has proposed a rate hike and the company called for a start including ACC sports network. The company told customers that rising programming fees would make TV packages more expensive.
"We oppose networks like Disney and refuse to accept these huge increases," Verizon said.
Disputes over fees are common. With the decline in television viewers, media companies are demanding more for their content to offset revenue, while cable and shell suppliers are increasing their interest rates for fear of losing even more customers.
However, the disputes are usually resolved before the stations go dark. However, there are notable exceptions, including last year's CBS-Dish Network bouts in which CBS and NFL games were blacked out over Thanksgiving 2017.