Paramount, Comcast renew multi-year carriage deal

(Reuters) - Paramount Global has renewed its distribution deal with Comcast, 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 Xfinity platform.

Comcast 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 has the option to offer Paramount+ with Showtime to eligible Xfinity customers.

(Reporting by Akash Sriram in Bengaluru; Editing by Leroy Leo)

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