Jan 7 (Reuters) - Paramount Global ( PARAA ) has renewed
its distribution deal with Comcast ( CMCSA ), the companies said
on Tuesday, ensuring the cable systems and services provider
continues to offer the media giant's channels like CBS and
Nickelodeon.
The deal, terms of which were not disclosed, is an extension
of the original agreement from 2022.
It ensures Paramount's channels, which also include Comedy
Central and MTV, continue to reach over 14 million cable and 29
million broadband subscribers via Comcast's ( CMCSA ) Xfinity platform.
Comcast ( CMCSA ) subscribers will continue to have access to
Paramount's streaming services, including Paramount+, Pluto TV,
and BET+, under the renewal terms.
As part of the deal, Comcast ( CMCSA ) has the option to offer
Paramount+ with Showtime to eligible Xfinity customers.