BRIEF-YouTube Says Current Agreement With Fox Is Nearing Its Renewal Date And We Are In Active And Ongoing Negotiations To Continue Carrying Their Content

Reuters
Aug 26
BRIEF-YouTube Says Current Agreement With Fox Is Nearing Its Renewal Date And We Are In Active And Ongoing Negotiations To Continue Carrying Their Content

Aug 26 (Reuters) -

  • YOUTUBE: OUR CURRENT AGREEMENT WITH FOX IS NEARING ITS RENEWAL DATE AND WE ARE IN ACTIVE AND ONGOING NEGOTIATIONS TO CONTINUE CARRYING THEIR CONTENT

  • YOUTUBE: FOX IS ASKING FOR PAYMENTS THAT ARE FAR HIGHER THAN WHAT PARTNERS WITH COMPARABLE CONTENT OFFERINGS RECEIVE

  • YOUTUBE: PRIORITY TO REACH DEAL THAT REFLECTS VALUE OF THEIR CONTENT AND IS FAIR FOR BOTH SIDES WITHOUT PASSING ON ADDITIONAL COSTS TO OUR SUBSCRIBERS

  • YOUTUBE: IF FOX CONTENT BECOMES UNAVAILABLE FOR AN EXTENDED PERIOD OF TIME, WE WILL PROVIDE OUR MEMBERS WITH A $10 CREDIT

  • YOUTUBE- IF UNABLE TO REACH NEW DEAL BY 5:00 PM ET ON AUG 27 FOX CHANNELS INCLUDING FOX SPORTS, BUSINESS, NEWS WILL BECOME UNAVAILABLE ON YOUTUBE TV

Source text: https://tinyurl.com/2dhgkr73

((Reuters.Briefs@thomsonreuters.com;))

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