Published on 14 Jan 2022 on Zacks via Yahoo Finance
ViacomCBS VIAC and Comcast CMCSA division Comcast Cable recently entered into a distribution agreement per which the former’s full portfolio of channels will be available to the latter’s Xfinity customers.Comcast’s Xfinity customers, through their X1 and Flex devices, can now avail CBS Television Network, BET, CBS Sports Network, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, SHOWTIME, and streaming services Paramount+, Pluto TV and SHOWTIME OTT.ViacomCBS is trying to capture market share through partnerships and a strong content portfolio. The company’s partnership with CJ ENM enables co-productions for original films and series, and content licensing and distribution across ViacomCBS’ and CJ ENM’s leading streaming services.As part of the deal, Paramount+ is set to debut in South Korea in 2022 as an exclusive bundle with CJ ENM’s streaming service, TVING. This will mark ViacomCBS’ first entry into an Asian market.This Zacks Rank #4 (Sell) company partnered with Comcast to launch a European streaming service in 2022, called Sky Showtime.
ViacomCBS Inc. Price and Consensus
ViacomCBS Inc. Price and Consensus