ViacomCBS and Comcast Announce Content Distribution Agreements

Rhea-AI Summary

On January 13, 2022, ViacomCBS and Comcast Cable announced a multi-year distribution agreement, enhancing content access for Xfinity customers. The deal includes renewed carriage of ViacomCBS networks such as CBS, BET, Sports Network, and others, along with ViacomCBS' streaming services like Paramount+, Pluto TV, and SHOWTIME OTT. Comcast also expands rights to BET+. ViacomCBS aims to serve millions more viewers through this partnership, which fortifies their longstanding collaboration.

Positive

• Renewed multi-year agreement increases content access for Xfinity customers.
• Includes popular ViacomCBS networks and streaming services, enhancing viewer engagement.
• Strengthens the long-term partnership between ViacomCBS and Comcast.

Negative

• None.

NEW YORK and PHILADELPHIA, Jan. 13, 2022 /PRNewswire/ -- ViacomCBS Inc. and Comcast Cable today announced the companies have reached comprehensive distribution agreements to deliver ViacomCBS' full portfolio of broadcast, entertainment, news, and sports programming to Xfinity customers.

The multi-year deal features renewed carriage of ViacomCBS' networks – including CBS Television Network, BET, CBS Sports Network, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, SHOWTIME®, and others — in addition to extending the availability of ViacomCBS' popular streaming services Paramount+, Pluto TV and SHOWTIME OTT, as well as expanding Comcast's rights to include BET+.

"We are pleased to have reached new agreements that strengthen our long-valued partnership with Comcast," said Ray Hopkins, President, U.S. Networks Distribution, ViacomCBS. "ViacomCBS is a cornerstone content provider, and we look forward to serving millions of Xfinity customers with greater access to their favorite channels and programming from our leading brands."

"ViacomCBS continues to be a great partner, and we are very pleased to provide our Xfinity customers with access to their content across our industry-leading platforms," said Rebecca Heap, Senior Vice President, Consumer Products & Propositions, Comcast Cable.

Xfinity delivers all the best live, on demand and streaming entertainment to customers via its X1 and Flex devices, all accessible and discoverable with the award-winning Xfinity Voice Remote. X1 and Flex customers can access ViacomCBS programming by saying the name of a channel (like "CBS" or "BET" or "SHOWTIME") or streaming services (like "Paramount+" or "Pluto TV") in the voice remote, or by saying the name of a desired title from the ViacomCBS channels or streaming services.

Other terms of the agreements were not disclosed.

About ViacomCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution, and advertising solutions.

For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

About Comcast

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

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SOURCE ViacomCBS Inc.

FAQ

What new agreements were made between ViacomCBS and Comcast?

ViacomCBS and Comcast announced multi-year distribution agreements to enhance access to ViacomCBS' broadcast and streaming services for Xfinity customers.

Which ViacomCBS networks are included in the Comcast agreement?

The agreement includes CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount Network, and more.

How does this agreement impact Xfinity customers?

Xfinity customers will have increased access to ViacomCBS programming and streaming services, enhancing their viewing options.

What streaming services are included in the ViacomCBS and Comcast deal?

The deal extends access to Paramount+, Pluto TV, SHOWTIME OTT, and BET+ for Xfinity customers.

What is the significance of the ViacomCBS and Comcast partnership?

This partnership reinforces the long-standing collaboration between the two companies, providing better content delivery to millions of viewers.