Charter brings Paramount+ to Spectrum TV customers in new carriage deal
Adds background in paragraphs 4-5, details in paragraphs 6-8
May 23 (Reuters) -Paramount Global PARA.O has signed a new multi-year content distribution deal with Charter Communications CHTR.O for its full portfolio of linear cable networks, the companies said on Thursday.
The companies did not disclose the financial terms of the deal, in which the ad-supported versions of Paramount's direct-to-consumer services, Paramount+ Essential tier and BET+ Essential, will be included at no extra cost to Charter's Spectrum TV customers.
Charter will also make Paramount's direct-to-consumer products available to its Internet-only customers at the broadband and cable TV provider's retail stores. It will get the revenue share for new paid subscriptions and ad-free upgrades.
The announcement come as bidders negotiate the purchase of media conglomerate Paramount Global, which owns a studio and networks such as CBS, MTV, Comedy Central, among others.
Paramount's exclusive negotiations with Skydance lapsed early in May, allowing the company to evaluate rival bids such as Apollo and Sony Pictures' $26 billion offer.
Spectrum customers with Paramount+ Essential will get an opportunity to upgrade to Paramount+ with Showtime plan, the companies said.
Charter, one of the largest cable company by subscribers in the U.S., will continue to carry CBS owned-and-operated broadcast stations and all of Paramount's current cable networks and Paramount+.
Last year, Disney and Charter had reached a similar deal that brought back media giant's networks, including ESPN, to the Spectrum cable service.
Reporting by Jaspreet Singh in Bengaluru; Editing by Arun Koyyur
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
