Charter to offer NBCUniversal's Peacock streaming service at no extra charge
Oct 2 (Reuters) -Charter Communications CHTR.O said it will offer NBCUniversal's CMCSA.O Peacock streaming service to some customers at no extra cost from next year under a new multi-year deal, in a move to boost the cable and broadband firm's user base.
The deal also includes renewal of Comcast-owned NBCUniversal's full portfolio of networks including broadcast, entertainment and sports, among others, the companies said on Wednesday, without disclosing the financial terms.
Cable TV operators are increasingly bundling streaming services with their offerings to hold on to their subscriber base.
The deal will offer customers of Charter's cable TV plan Spectrum TV Select, which already includes streaming platforms such as Disney+, ESPN+ and Paramount+ PARA.O, access ad-supported Peacock streaming service.
Stamford, Connecticut-based Charter has 13.31 million total video customers as of June 30.
Charter had renewed a similar deal with Warner Bros Discovery WBD.O in September, adding Max and Discovery+ streaming services to its packageat no additional charge.
"We now have completed deals with every major programmer to create better flexibility and greater value to our customers by including DTC streaming apps with their Spectrum TV service, at no extra cost," Tom Montemagno, Charter's executive vice president of programming acquisition, said on Wednesday.
Charter had won some concessions from Walt Disney DIS.N last year as it negotiated for a smaller package of programming and gained rights to distribute Disney+, Hulu and ESPN+ to its Spectrum TV customers.
Reporting by Jaspreet Singh in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
