ViacomCBS Announces Expanded Distribution Agreement with Hulu

Rhea-AI Summary

ViacomCBS (NASDAQ: VIAC, VIACA) has signed a multi-year distribution agreement with Hulu, enhancing Hulu + Live TV's offerings with more content from its extensive portfolio. This deal includes CBS broadcast stations, CBS Sports Network, and SHOWTIME®, along with the addition of fourteen ViacomCBS networks such as BET and Nickelodeon. The agreement strengthens the partnership with Hulu, providing subscribers access to a broader range of news, sports, and entertainment content.

Positive

• Expanded partnership with Hulu enhances content offerings.
• Introduction of fourteen additional networks increases subscriber appeal.

Negative

• None.

ViacomCBS (NASDAQ: VIACA, VIAC) today announced a new distribution agreement that adds more content from ViacomCBS’ leading portfolio of news, entertainment and sports networks to Hulu’s live TV subscription streaming service, Hulu + Live TV.

The comprehensive, multi-year deal includes continued carriage of CBS broadcast stations, CBS Sports Network, Pop TV, Smithsonian Channel, and The CW, as well as continued distribution of ViacomCBS’ premium subscription service, SHOWTIME®. The deal will also introduce fourteen additional ViacomCBS networks to Hulu + Live TV, including BET, Comedy Central, MTV, Nickelodeon, Paramount Network, VH1, CMT, Nick Jr., TV Land, BET Her, MTV2, NickToons, TeenNick and MTV Classic.

“We are excited to have reached an expanded agreement with Hulu that underscores the value of our powerful portfolio of brands to next-generation TV platforms and viewers,” said Ray Hopkins, President, U.S. Networks Distribution, ViacomCBS. “Hulu continues to be a great partner, and this agreement ensures that Hulu + Live TV subscribers are now able to enjoy the full breadth of our leading content across news, sports and entertainment for the first time.”

Financial terms of the agreement 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, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the US 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 partners on five continents.

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/20210104005157/en/

FAQ

What new content is ViacomCBS adding to Hulu + Live TV?

ViacomCBS is adding fourteen new networks including BET, Comedy Central, and Nickelodeon, along with CBS broadcast stations and SHOWTIME®.

When was the distribution agreement between ViacomCBS and Hulu announced?

The distribution agreement was announced today, involving a multi-year contract.

How does the new agreement affect ViacomCBS stock (VIAC, VIACA)?

The expanded agreement with Hulu may enhance subscriber interest, potentially positively impacting ViacomCBS stock performance.

Are the financial terms of the ViacomCBS and Hulu agreement disclosed?

No, the financial terms of the agreement were not disclosed.