PARAA - PARAMOUNT GLOBAL AND CHARTER COMMUNICATIONS ANNOUNCE NEW MULTI-YEAR AGREEMENT FOR DISTRIBUTION OF PARAMOUNT'S LINEAR NETWORKS CBS OWNED-AND-OPERATED STATIONS AND DIRECT-TO-CONSUMER STREAMING SERVICES | Benzinga
Ad-Supported Paramount+ Essential and BET+ Essential will be Included in Spectrum Video Packages at No Additional Cost to Customers
Charter to Make Paramount's Direct-to-Consumer Products Available for Purchase by its Internet-Only Customers
NEW YORK and STAMFORD, Conn., May 23, 2024 /PRNewswire/ -- Paramount Global (NASDAQ:PARA, PARAA)) and Charter Communications, Inc. (NASDAQ:CHTR) today announced they will extend their long-standing partnership with a multi-year distribution agreement for Paramount's full portfolio of linear cable networks, CBS-owned-and-operated broadcast stations and direct-to-consumer streaming services that generates greater value for consumers while creating new distribution opportunities and a glide path to a healthier video ecosystem.
In addition to CBS, America's most-watched network, Spectrum audiences will continue to enjoy access to some of TV's most popular cable brands, including BET, Comedy Central, MTV, Nickelodeon, and Paramount Network – home to "Yellowstone," the biggest series in all of television – as well as premium service Paramount+ with Showtime. As part of the deal, the ad-supported versions of Paramount's direct-to-consumer services, Paramount+ Essential and BET+ Essential, will be included at no additional cost to Charter's Spectrum TV customers. Charter also will make Paramount's direct-to-consumer products available for purchase to its millions of Internet-only customers.
"From the outset, Paramount has embraced Charter's goal of evolving the video distribution model, and we have appreciated their willingness to collaborate on ...