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Paramount, Charter Communications sign new content distribution deal
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Paramount, Charter Communications sign new content distribution deal
May 23, 2024 3:06 PM

(Reuters) - Paramount Global ( PARAA ) has signed a new multi-year content distribution deal with Charter Communications ( CHTR ) for its full portfolio of linear cable networks, the companies said on Thursday.

The companies did not disclose the financial terms of the deal, in which the ad-supported versions of Paramount's direct-to-consumer services, Paramount+ Essential and BET+ Essential, will be included at no extra cost to Charter's Spectrum TV customers.

Charter will also make Paramount's direct-to-consumer products available for purchase to its millions of Internet-only customers.

It will continue to carry CBS owned-and-operated broadcast stations and all of Paramount's current cable networks and Paramount+, the companies said.

(Reporting by Jaspreet Singh in Bengaluru; Editing by Arun Koyyur)

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