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Thursday, 3 October 2024

Hollywood Reporter: Charter Spectrum Cuts Carriage Deal With NBCUniversal, Adding Peacock to Pay-TV Packages

Story from Hollywood Reporter:

Charter Spectrum has cut a new carriage deal with NBCUniversal, one that will bring its Peacock streaming service to the pay-TV giant’s TV customers at no extra charge.

With the addition of Peacock, Spectrum will offer some $65 worth of streaming services to customers of its Spectrum TV Select packages, including Peacock, Disney+, ESPN+, Paramount+, AMC+, BET+, ViX, Max and Discovery+.

Last year, Charter Spectrum and Disney were engaged in a high-profile carriage dispute, with the cable company demanding “a new model” for how it sells TV by including streaming services with its TV offering. The companies ultimately cut a deal, one that saw Disney agree to drop a few channels like Freeform and Disney Junior, but that made Disney+ available to Spectrum customers.

Deals with Paramount, Warner Bros. Discovery, AMC and others followed.

While financial terms of the NBCU deal were not disclosed, the companies said that Spectrum will continue to carry the “full portfolio” of linear channels, including NBC, USA, Bravo and Telemundo, and gives Charter the ability to sell premium tiers of Peacock to its customers.

“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 of content distribution for 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.”

“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,” added Tom Montemagno, executive VP of programming acquisition for Charter Communications. “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.”

© 2024 The Hollywood Reporter.