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Charter and AMC ink early renewal deal, providing cable subscribers free access to AMC+
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Charter and AMC ink early renewal deal, providing cable subscribers free access to AMC+
Sep 6, 2024 12:36 PM

Sept 4 (Reuters) - Charter Communications ( CHTR ) and

AMC Networks ( AMCX ) on Wednesday said they have agreed to an

early renewal of a distribution agreement, allowing Charter to

carry AMC's portfolio of linear cable networks for multiple

years.

The ad-supported version of AMC's streaming service, AMC+,

will be included at no additional cost to Charter's Spectrum TV

Select customers, the companies said in a statement.

The financial terms and exact duration of the agreement

were not disclosed.

Charter will also make AMC+ available for purchase to its

millions of internet-only customers.

"With the addition of AMC+, Charter, through its programming

deals, will be providing its Spectrum TV Select Plus customers

more than $40/month in retail value for streaming apps and over

$30/month in retail value for Spectrum TV Select/Select

Signature customers," the statement said.

The renewed agreement follows a template set by Charter's

agreement with Disney ( DIS ) last year, where the company

negotiated for a slimmer programming package and secured rights

to distribute Disney+, Hulu, and ESPN+ to its Spectrum TV

customers.

With the agreement, Spectrum video customers will

continue to have access to AMC Networks' ( AMCX ) portfolio, including

BBC America, SundanceTV and popular shows like The Walking Dead

and Interview with the Vampire.

The deal comes on the heels of Disney ( DIS ) and DirecTV

failing

to reach a new distribution deal, resulting in more than 11

million DirecTV subscribers losing access to ESPN ( DIS ), ABC, and

other Disney ( DIS )-owned networks.

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