Walt Disney (NYSE:DIS)
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By Adria Calatayud
The European Union said Friday that it is inviting comments on commitments made by Walt Disney Co. (DIS) amid a wider probe over competition issues in the pay-TV market across the bloc.
The European Commission--the EU's executive arm--said Disney's commitments seek to allay competition concerns over a larger investigation into film-licensing agreements covering the U.K. and Ireland between six major film studios, including Disney, and pay-TV business Sky, which was recently acquired by Comcast Corp. (CMCSA).
The Commission said it is concerned by clauses contained in those agreements that prevent Sky from allowing EU consumers outside the U.K. and Ireland to access pay-TV contents available in those countries. Its concerns also relate to clauses that disallow broadcasters other than Sky from making their pay-TV services available in the U.K. and Ireland.
The European Commission said its concerns regarding Disney's licensing agreement with Sky focus only on online transmission of pay-TV services.
Disney has made commitments to address those issues, which would apply for five years and cover both standard pay-TV and subscription on-demand services, the European Commission said.
Write to Adria Calatayud at email@example.com
(END) Dow Jones Newswires
November 09, 2018 04:04 ET (09:04 GMT)
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