Walt Disney Co. is close to signing multiyear deals to keep supplying content to Comcast Corp. and Time Warner Cable, the two largest cable providers in the United States, the Los Angeles Times reported.

According to the report, which cites unidentified people involved in the talks, Comcast may buy Disney’s 39.5 percent stake in E! Entertainment Television for $1.2 billion. The cable operators also want to sell programs from Disney’s ABC network in video-on-demand services.

Disney gets about $1 billion in payments from Comcast for programming while Time Warner pays significantly less. The extensions may also help Disney determine what it may charge other cable firms for content such as ESPN and the Disney Channel.

Shares in the Burbank-based entertainment giant were up 34 cents to $31.80 in early trading Wednesday.