Walt Disney Co. (DIS) announced two monumental deals yesterday. One with Payless ShoeSource and one with Comcast Corp. (CMCSA). The Comcast deal will allow 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--currently hold 60 percent-- in the E! Entertainment Television channel for $1.23 billion.
According to this NYTimes.com article, under the terms of the agreement, Comcast would spend about $1 billion annually to purchase programming such as the popular ABC shows ''Desperate Housewives'' and ''Lost,'' as well as other content from ESPN, the Disney Channel and Toon Disney, according to a person close to the deal who spoke earlier on condition of anonymity because it had not been formally announced.
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