Paramount Global and Spectrum MVPD parent Charter Communications will extend “their long-standing partnership” without any tussles or potential “blackouts” of broadcast or cable TV stations due to a retransmission consent impasse.
Indeed, a multi-year distribution agreement has been reached that encompasses Paramount’s full portfolio of linear cable networks, CBS owned-and-operated broadcast stations and direct-to-consumer streaming services.
In addition to CBS owned stations, cable channels including BET, Comedy Central, MTV, Nickelodeon, and Paramount Network and premium service “Paramount+ with Showtime” are included in the newly reached deal.
Furthermore, 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.
Financial terms of the agreement were not disclosed.
