Paramount Global (PARA, Financial) and Comcast (CMCSA, Financial) announced Tuesday the renewal of their multi-year distribution agreements, which include adjustments to their existing terms. The agreements ensure continued carriage of Paramount's networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, and the Paramount Network, for Comcast subscribers.
Additionally, Comcast customers will maintain access to Paramount's streaming platforms, including Paramount+, Pluto TV, and BET+. Under the updated terms, Comcast gains the option to make Paramount+ with Showtime available to eligible Xfinity customers, further enhancing its streaming offerings. Details of the financial terms were not disclosed by either company.
The renewal reflects an ongoing partnership aimed at maintaining a broad range of entertainment options for Comcast users.
