ViacomCBS, Comcast renew content carriage agreement


ViacomCBS, Comcast renew content carriage agreement

ViacomCBS Inc. and Comcast Corp. announced Wednesday that they renewed their content carriage agreement, which includes transmission consent of 23 CBS-owned TV stations. The agreement include CBS-owned The CW affiliates, and distribution of channels including Showtime, Smithsonian Channel, Pop TV and CBS Sports Network to Xfinity customers. In addition, CBS’s digital subscription video on-demand streaming service, CBS All Access, will be available on Comcast’s Xfinity X1 and Flex platforms. Financial terms of the agreement were not disclosed. “ViacomCBS has been a great partner, and we are very pleased to have reached this agreement to provide Xfinity X1 and Flex customers with more access to their content across multiple platforms,” said Rebecca Help, senior vice president of video and entertainment at Comcast Cable. ViacomCBS’s stock rose 0.3% in premarket trading while Comcast shares slipped 0.1%. Over the past 12 months, ViacomCBS’s stock has shed 12.9% and Comcast’s stock has rallied 25.8%, while the S&P 500 has gained 25.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Go to Source
Author: