ViacomCBS Announces Comprehensive Distribution Agreements with Cox Communications

Rhea-AI Summary

ViacomCBS (NASDAQ: VIAC, VIACA) has signed multi-year distribution agreements with Cox Communications to provide its extensive content portfolio, including networks like CBS, BET, MTV, and Showtime, as well as retransmission consent for CBS stations in Los Angeles. This deal enhances Cox subscribers' access to ViacomCBS streaming services, including Paramount+ and Pluto TV. While financial terms remain undisclosed, the partnership strengthens ViacomCBS's offerings across broadcast and streaming platforms, reflecting their commitment to delivering best-in-class entertainment.

Positive

• Renewed distribution agreements with Cox Communications enhance content delivery.
• Expanded access to ViacomCBS streaming services for Cox subscribers.

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• None.

ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced multi-year distribution agreements with Cox Communications to continue delivering leading content from ViacomCBS’ extensive portfolio of broadcast, entertainment, news and sports networks, including BET, CBS Sports Network, CMT, Comedy Central, Logo, MTV, Nickelodeon, Paramount Network, Pop TV, SHOWTIME®, Smithsonian Channel, Telefe, TV Land and VH1. The deal also includes retransmission consent of CBS broadcast stations in Los Angeles.

In addition to renewed carriage of ViacomCBS content, the deal will also offer Cox subscribers expanded access to ViacomCBS’ collection of streaming services, including Paramount+, SHOWTIME® OTT and Pluto TV.

“We are pleased to have reached significant agreements with Cox that offer our best-in-class entertainment across broadcast, cable and streaming on behalf of subscribers,” said Ray Hopkins, President, U.S. Networks Distribution, ViacomCBS. “Cox has been a valued partner for years and we look forward to working together to continuously serve millions of households through our long-standing partnership.”

Financial 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005356/en/

FAQ

What does the ViacomCBS and Cox Communications distribution agreement include?

The agreement includes access to ViacomCBS networks like CBS, BET, and Showtime, along with retransmission consent for CBS broadcast stations in Los Angeles.

When was the distribution agreement between ViacomCBS and Cox Communications announced?

The distribution agreement was announced on the date of the press release, which does not specify an exact date.

What streaming services are offered to Cox subscribers under the new agreement?

Cox subscribers will have expanded access to streaming services such as Paramount+, SHOWTIME® OTT, and Pluto TV.

What is the significance of the ViacomCBS and Cox agreement for investors?

The significant agreement may indicate stable revenue streams and a strengthened market position for ViacomCBS, although financial terms were not disclosed.

How does the ViacomCBS portfolio benefit from the Cox agreement?

The agreement enhances ViacomCBS's reach by delivering premium content across multiple platforms, benefiting viewership and potentially advertising revenue.