Charter and AMC ink early renewal deal, providing cable subscribers free access to AMC+
Sept 4 (Reuters) -Charter Communications CHTR.O and AMC Networks AMCX.O on Wednesday said they have agreed to an early renewal of a distribution agreement, allowing Charter to carry AMC's portfolio of linear cable networks for multiple years.
The ad-supported version of AMC's streaming service, AMC+, will be included at no additional cost to Charter's Spectrum TV Select customers, the companies said in a statement.
The financial terms and exact duration of the agreement were not disclosed.
Charter will also make AMC+ available for purchase to its millions of internet-only customers.
"With the addition of AMC+, Charter, through its programming deals, will be providing its Spectrum TV Select Plus customers more than $40/month in retail value for streaming apps and over $30/month in retail value for Spectrum TV Select/Select Signature customers," the statement said.
The renewed agreement follows a template set by Charter's agreement with Disney DIS.N last year, where the companynegotiated for a slimmer programming package and secured rights to distribute Disney+, Hulu, and ESPN+ to its Spectrum TV customers.
With the agreement, Spectrum video customers will continue to have access to AMC Networks' portfolio, including BBC America, SundanceTV and popular shows like The Walking Dead and Interview with the Vampire.
The deal comes on the heels of Disney and DirecTV failing to reach a new distribution deal, resulting in more than 11 million DirecTV subscribers losing access to ESPN, ABC, and other Disney-owned networks.
Reporting by Juby Babu in Mexico City; Editing by Tasim Zahid
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
