Comcast, Disney Ink Video-on-Demand Deal -- SFGate/AP, 2006-11-21

[Andrew]

Comcast, Disney Ink Video-on-Demand Deal -- SFGate/AP, 2006-11-21

Comcast Corp. and The Walt Disney Co. said Tuesday they signed a landmark multibillion-dollar distribution deal that allows the cable operator to distribute Disney content through its video-on-demand service.

As part of the multiyear deal, Comcast, the country's largest cable TV operator, also agreed to buy Disney's 39.5 percent stake in the E! Entertainment Television channel for $1.23 billion. Comcast currently holds a 60 percent interest in the channel. No other financial terms of the deal were disclosed.