Paramount Global (PARA, Financial) and Comcast (CMCSA, Financial) announced Tuesday the renewal of their multi-year distribution agreements, which include adjustments to their existing terms. The agreements ensure continued carriage of Paramount's networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, and the Paramount Network, for Comcast subscribers.
Additionally, Comcast customers will maintain access to Paramount's streaming platforms, including Paramount+, Pluto TV, and BET+. Under the updated terms, Comcast gains the option to make Paramount+ with Showtime available to eligible Xfinity customers, further enhancing its streaming offerings. Details of the financial terms were not disclosed by either company.
The renewal reflects an ongoing partnership aimed at maintaining a broad range of entertainment options for Comcast users.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.