Press release
NBCUNIVERSAL AND CHARTER COMMUNICATIONS ANNOUNCE RENEWAL AGREEMENT THAT MAXIMIZES CUSTOMER VALUE BY COMBINING LINEAR VIDEO AND DIRECT-TO-CONSUMER STREAMING
New Multi-Year Partnership Includes Continued Carriage of NBCUniversal's Broadcast and Cable Networks and Peacock Premium for Spectrum Video Customers at No
About this update from Charter Communications, Inc.
[{"type":"text","content":"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\nNEW 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.\n\n \n \n \n \n \n \n\n \nThrough 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.\n\"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.\"\nIn 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!, M...