Two weeks into the YouTube TV blackout of Disney networks including ESPN and ABC, Disney CEO Bob Iger said the company is working 'tirelessly' to close a deal but that it's 'imperative' a renewal 'reflects the value that we deliver.

YouTube TV's 10 million customers have been without Disney channels for two weeks; CEO Bob Iger told Wall Street analysts: "We're trying really hard ... working tirelessly to close this deal."

Taika Waititi has a long relationship with Disney and its studios. He directed a pair of Thor movies for Marvel Studios, won an adapted screenplay Oscar for Searchlight’s Jojo Rabbit, and voiced a droid in The Mandalorian. Now, he has added another line to that resume: directing the company’s annual holiday short.

Disney's revenue for the September quarter was roughly flat year over year -- coming in short of Wall Street estimates -- and adjusted earnings per share declined 3%. But Disney+ and Hulu subscriber additions were better than expected,

Disney's weaker theatrical results affected its fourth-quarter earnings, though its experiences segment continued to perform, particularly the cruise line.

On the streaming topic, analysts pointed out that they were taking into account 14 days of impact from the ongoing YouTube TV blackout, which they estimated at “$60 million revenue headwind.” This means that with each week that passes with Disney channels not accessible via YouTube TV, Disney is losing around $30 million.

Disney's carriage fight with Google's YouTube TV is beginning to create some issues for some of the company's most popular media properties. "NBC Nightly News" was able to claim victory over ABC's ‘World News Tonight" last week among viewers between 25 and 54 - the demographic most coveted by advertisers.

Disney shares plunged 8% in early trading Thursday after the company reported disappointing revenue and warned of a prolonged distribution fight with YouTube TV. Why it matters: Disney+ and Hulu's continued growth was overshadowed by a streaming-era carriage disagreement and declines in the legacy TV business.