ViacomCBS and Charter Communications Reach Comprehensive Distribution Agreements
July 15 2021 - 8:30AM
Business Wire
ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Charter Communications,
Inc. (NASDAQ: CHTR) today announced comprehensive, multi-year
distribution agreements for the continued carriage of ViacomCBS’
leading portfolio of broadcast, entertainment, news and sports
networks, in addition to licensing ViacomCBS’ suite of streaming
services, including Paramount+, Pluto TV, BET+ and Noggin, for
future distribution to Spectrum customers.
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“We are pleased to have reached a new deal to deliver ViacomCBS’
expansive portfolio of popular brands and premium programming for
Spectrum audiences to enjoy, plus greater choice in how they
consume our content,” said Ray Hopkins, President, U.S. Network
Distribution, ViacomCBS. “Charter is a valued partner, and we look
forward to deepening our long-standing relationship.”
Added Tom Montemagno, Executive Vice President of Programming
Acquisition for Charter: “These comprehensive agreements with
ViacomCBS recognize the fast-changing pace of the subscription
video business and provide us the flexibilities to adapt for the
benefit of our customers while also furthering our strategic
interests in the advanced advertising realm and aggregated video
store concept with the addition of the streaming apps.”
ViacomCBS and Charter also will expand their existing
collaboration around addressable media and advanced
advertising.
Others terms of the agreements were not disclosed.
About ViacomCBS
ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and
entertainment company that creates premium content and experiences
for audiences worldwide. Driven by iconic consumer brands, its
portfolio includes CBS, Showtime Networks, Paramount Pictures,
Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and
Simon & Schuster, among others. The company delivers the
largest share of the U.S. television audience and boasts one of the
industry’s most important and extensive libraries of TV and film
titles. In addition to offering innovative streaming services and
digital video products, ViacomCBS provides powerful capabilities in
production, distribution and advertising solutions.
For more information about ViacomCBS, please visit
www.viacomcbs.com and follow @ViacomCBS on social platforms.
VIAC-IR
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading
broadband connectivity company and cable operator serving more than
31 million customers in 41 states through its Spectrum brand. Over
an advanced communications network, the company offers a full range
of state-of-the-art residential and business services including
Spectrum Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum Business®
delivers the same suite of broadband products and services coupled
with special features and applications to enhance productivity,
while for larger businesses and government entities, Spectrum
Enterprise provides highly customized, fiber-based solutions.
Spectrum Reach® delivers tailored advertising and production for
the modern media landscape. The company also distributes
award-winning news coverage, sports and high-quality original
programming to its customers through Spectrum Networks and Spectrum
Originals. More information about Charter can be found at
corporate.charter.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210715005313/en/
Press Karen Shosfy, ViacomCBS
Karen.shosfy@viacomcbs.com
Maureen Huff, Charter Communications
Maureen.Huff@Charter.com
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