ViacomCBS, Comcast come to multi-year content carriage renewal
Cindy Ord/Getty Images Entertainment


ViacomCBS is higher premarket (VIAC
+1.9%, VIACA
+2%), as is Comcast (CMCSA
+0.5%), after the two companies come to comprehensive distribution agreements for ViacomCBS programming.
Financial terms weren't disclosed.
The multi-year renewal covers networks including CBS Television, BET, CBS Sports Network, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, Showtime, and others.

As with such deals in the new era, it also extends streaming rights, expanding availability for Paramount+, Pluto TV and Showtime OTT, and expanding Comcast's rights to include BET+.
As of Monday, Comcast has a fresh carriage deal with WarnerMedia as well.