New Multi-Year Partnership Includes Continued
Carriage of NBCUniversal's Broadcast and Cable Networks and Peacock
Premium for Spectrum Video Customers at No Additional Cost
NEW
YORK and STAMFORD,
Conn., Oct. 2, 2024 /PRNewswire/ -- NBCUniversal
and Charter Communications, Inc. (NASDAQ: CHTR) today announced a
holistic content distribution agreement that further transforms the
rapidly shifting video landscape by adding NBCUniversal's Peacock,
NBCUniversal's streaming service, for Spectrum TV Select video
customers. Through this mutually beneficial multi-year deal,
Charter will continue its carriage of NBCUniversal's full portfolio
of broadcast, entertainment, Hispanic, news and sports networks
while advancing its industry-leading strategy of including
streaming apps in the cable bundle by making ad-supported Peacock
available to Spectrum TV Select customers at no additional cost in
the coming months.
Through its programming deals reached over the past year,
Charter will soon provide Spectrum TV Select video customers up to
$65 per month of retail
direct-to-consumer streaming value, including Peacock, Disney+,
ESPN+, Paramount+, AMC+, BET+, ViX, Max and Discovery+. Charter
also will allow video customers to upgrade to Peacock Premium+,
which is ad-free, and will make both Peacock products available for
purchase to its millions of broadband-only customers in 2025,
advancing Charter's goal of enhancing the overall value and
flexibility of its offerings.
"This extension of our strategic relationship with Charter
ensures Spectrum video customers will continue to have access to
the leading media portfolio, whether they choose to watch on
traditional TV or stream it on Peacock," said Matt Bond, Chairman, Content Distribution,
NBCUniversal. "We also achieved our primary goal, which was to
strike a deal that recognizes the value of our linear programming
and the investments we've made in developing premium content,
expanding the distribution of Peacock to more consumers. We are
pleased to partner with Charter to reach these objectives to the
benefit of our viewers."
In addition to the inclusion of Peacock Premium for Spectrum
video customers at no extra charge, the distribution agreement
ensures Charter's continued carriage of NBCUniversal's NBC- and
Telemundo-owned stations, Bravo, CNBC, CNBC World, E!, MSNBC,
Universo, Oxygen, SYFY, Telemundo Network, Universal Kids,
USA Network, The Golf Channel, NBC
Sports Regional Networks and New England Cable News. The following
channels will be included in the Spectrum TV Stream service: Bravo,
CNBC, CNBC World, E!, MSNBC, Oxygen, SYFY and Universal Kids.
"With the renewal of our long-standing partnership with
NBCUniversal, we now have completed deals with every major
programmer to create better flexibility and greater value to our
customers by including DTC streaming apps with their Spectrum TV
service, at no extra cost," said Tom
Montemagno, Executive Vice President, Programming
Acquisition, Charter Communications, which operates the Spectrum
brand. "As we look ahead to 2025, we plan to extend this
customer-first philosophy and deliver even greater value and choice
to better align with customers' current viewing preferences,
including through hybrid linear DTC relationships, DTC streaming to
Internet-only subscribers, and smaller video packages with DTC
add-ons. We appreciate NBCUniversal's willingness to join forces
with us for the benefit of our video and broadband customers."
Financial terms of the agreement were not disclosed.
About NBCUniversal
NBCUniversal is one of the world's leading media and
entertainment companies in the development, production, and
marketing of entertainment, news, sports and information to a
global audience. NBCUniversal owns and operates a valuable
portfolio of news and entertainment television networks, a premier
motion picture company, significant television production
operations, a leading television stations group, world-renowned
theme parks, and a premium ad-supported streaming service.
NBCUniversal is a subsidiary of Comcast Corporation.
About Charter
Charter Communications, Inc. (NASDAQ: CHTR) is a leading
broadband connectivity company and cable operator with services
available to more than 57 million homes and businesses in 41 states
through its Spectrum brand. Over an advanced communications
network, the Company offers a full range of state-of-the-art
residential and business services including Spectrum
Internet®, TV, Mobile and Voice.
For small and medium-sized companies, Spectrum
Business® delivers the same suite of broadband
products and services coupled with special features and
applications to enhance productivity, while for larger businesses
and government entities, Spectrum
Enterprise® provides highly customized, fiber-based
solutions. Spectrum Reach® delivers tailored advertising
and production for the modern media landscape. The Company also
distributes award-winning news coverage and sports programming to
its customers through Spectrum Networks. More information about
Charter can be found at corporate.charter.com.
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SOURCE Charter Communications, Inc.
