Disney, Comcast announce distribution agreement

LOS ANGELES, Nov 22: Walt Disney Co. and Comcast Corp said they have reached a long-term, comprehensive distribution agreement that places Disney programming and services on Comcast's cable TV menu.

As part of the pact, Comcast acquired Disney's 39.5 percent ownership stake in E! Networks for $1.23 billion. Disney agreed to add free ABC prime time programs to Comcast's On Demand service.

REUTERS