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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Alex Raytselsky who wrote (1785)	7/25/1999 11:31:00 PM
From: Captain Jack	Respond to of 2222

C&W Optus says signs new Disney deal SYDNEY, July 26 (Reuters) - Telecommunications group Cable & Wireless Optus Ltd said on Monday it has renegotiated its deal with Walt Disney Co's (NYSE:DIS - news) Disney Channel. C&W Optus chief executive Chris Anderson said the deal would guarantee that the Disney Channel would stay part of the Optus Television pay-TV line-up, while Optus would pay substantially lower fees. C&W Optus said the deal involved significant cost savings, but gave no figure. The Australian Financial Review reported on Monday that C&W Optus was expected to save A$40 million in the first two years and A$85 million over the six-year life of the contract. A C&W Optus spokesman was not available to comment. Under the deal, Disney would be able to offer the channel to other pay-TV operators, while Optus could include other family channels on Optus Television. C&W said the new arrangements also included the possibility of Disney appearing on other Optus platforms such as high speed cable modem and the Internet. The deal follows similar renegotiations by C&W Optus with Hollywood movie studies last month, which it said would save it about A$250 million over six years. ``Again, this deal is not dependent on our rivals agreeing to share content,' said C&W Optus chief executive Chris Anderson. ``If Disney wants to license other providers that is now up to them,' he said. C&W Optus, which is 52.5 percent owned by Britain's Cable & Wireless Plc (quote from Yahoo! UK & Ireland: CW.L), said it was looking at including Disney content on its new high speed cable offering Optus@Home, where family entertainment would be a central element.