YouTube TV and Disney have resolved their licensing dispute, restoring Disney channels back on the platform as part of a multi-year deal.

Google's YouTube and Walt Disney said on Friday they had reached an agreement to restore Disney-owned networks, including ESPN and ABC, to YouTube TV, ending a standoff that had cut off millions of subscribers from key programming and major live sports events.

ESPN, ABC and other networks have returned to YouTube TV's streaming platform after a licensing dispute that affected millions of subscribers.

Disney now expects its standoff with YouTube TV to last longer than hoped, keeping ESPN, ABC and other networks off the platform.

The biggest winner of a now-resolved battle between two consumer and tech giants is a small $1.2 billion start-up.

The Walt Disney Company (NYSE: DIS) stock is down nearly 8% in early trading after a mixed earnings report, reflecting a company that is making progress but facing key structural challenges. Strong performance in its theme park business couldn't fully offset the misses in its linear TV business,

More than two weeks after having its channels go dark on the streaming TV service, Disney has resolved its big, expensive carriage fight with Google’s YouTube TV. Driven by the only pressure that actually seems to get anything done in American life—the fear that a percentage of the population might be asked to go without college and Monday Night Football for a desperate handful of days—the two giants have come to an agreement on how much YouTube will pay to offer Disney’s various channels to its ever-growing number of subscribers.

U.S. Rep. Pat Ryan has stepped up a push to pass federal legislation that would, if adopted, force cable companies to refund customers who aren’t able to watch the channels they