AT&T (T) Lower Amid New Agreement with Disney (DIS)

January 15, 2013 2:38 PM EST
AT&T (NYSE: T) shares are lower amid entering a new, long-term agreement with one of the largest content providers out there.

According to a release this afternoon, AT&T U-verse and The Walt Disney Company (NYSE: DIS) entered a comprehensive long-term distribution agreement to deliver Disney’s robust lineup of top quality sports, news and entertainment content to AT&T U-verse TV customers across televisions, computers, smartphones, tablets, gaming consoles and internet-enabled televisions. The renewal agreement enhances the multichannel business model and supports the companies’ mutual goal to deliver the best video content to customers across multiple platforms.

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