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Paramount Global and Comcast Xfinity Reach New Carriage Deal

Overview

Paramount Global and Comcast Xfinity have reached a new carriage deal to avoid a potential New YearÔÇÖs Day blackout, which would have affected the CBS network and other channels owned by Paramount. The deal includes continued carriage of ParamountÔÇÖs portfolio of channels and apps across the Xfinity platforms, ensuring uninterrupted access to popular channels such as CBS, Comedy Central, Nickelodeon, MTV, BET, and Paramount Network among others.

AI legalese decoder

AI legalese decoder can help in this situation by simplifying and analyzing the legal documents and contracts related to the carriage agreement between Paramount Global and Comcast Xfinity. It can provide a clear and concise breakdown of the terms and conditions, ensuring that all parties involved have a comprehensive understanding of the agreement.

Confirmation and Impact

A Paramount spokesperson has confirmed the new carriage agreement to The Hollywood Reporter. The agreement is significant as it prevents potential disruptions to New YearÔÇÖs Eve NFL games, New YearÔÇÖs Day college football games, and early next month’s NFL playoffs, in which CBS holds some big games. Comcast XfinityÔÇÖs large subscriber base of over 14 million video subscribers makes the deal pivotal for Paramount. Additionally, with Paramount’s controlling shareholder National Amusements effectively putting the company on the market, securing carriage deals becomes crucial for potential buyers to develop a strategy for its assets.

Streaming and Industry Dynamics

As streaming continues to replace traditional linear TV, cable companies are reimagining their deals. The recent carriage dispute between Charter and Disney, which resulted in the temporary removal of ESPN from the lineup, exemplifies the evolving dynamics in the industry. AI legalese decoder can assist in navigating and understanding the complexities of such industry changes, ensuring that legal and contractual nuances are comprehensively understood and negotiated.

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