$SINGTEL(Z74.SI)$$STARHUB LTD(CC3.SI)$

Reason for weakness these 2 days

Disney shutting down 13 pay-TV channels in Singapore from Oct 1

1. Disney will be shutting down 13 pay-television channels currently available in Singapore from Oct 1, as part of the company's efforts "to pivot towards a direct-to-consumer-first model and further grow (its) streaming services".

2. The 13 channels are Fox, Fox Crime, Fox Life, Fox Action Movies, Fox Family Movies, Fox Movies, FX, Fox Sports, Fox Sports 2, Fox Sports 3, Channel V, Nat Geo People and SCM Legend.

3. The news comes two months after Disney's streaming platform Disney+ was launched in Singapore on Feb 23.

4. Singtel, which carries all 13 affected channels on its pay-television service, said it is currently working with Disney to understand this in better detail and assess the potential impact.

5. StarHub, which carries five affected channels - Fox Sports, Fox Sports 2, Fox Sports 3, SCM Legend and Nat Geo People - said: "There is minimal impact on our customers, who are able to continue watching films, series and documentaries through Disney+."