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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