Verizon, CBS content agreement
March 16, 2017
Verizon and CBS have announced a new multiyear content carriage agreement that includes continued retransmission consent of CBS-owned television stations, including CBS-owned The CW affiliates, in multiple markets across the country as well as distribution of the popular entertainment and sports channels Showtime, Smithsonian Channel and CBS Sports Network on Verizon Fios TV.
In the near future, Verizon will also provide access to live authenticated streaming on CBS.com, the CBS App and Verizon’s authenticated platform, giving Verizon Fios’ TV customers the ability to stream CBS live online and on mobile devices. In addition, CBS and Verizon have agreed to expand the partnership to future digital platforms, with specifics to be released at a later date. Financial terms were not disclosed
“We are very pleased to expand our terrific partnership with Verizon,” said Ray Hopkins, President, Television Networks Distribution, CBS Corporation. “The renewal of our Fios content carriage agreement for various CBS networks and our expanded rights for future digital platforms is in line with our Company’s strategy to deliver industry-leading content to viewers across multiple platforms and screens, while also achieving both our short and long-term economic goals.”
“With every carriage agreement we focus on achieving an outcome that best serves Fios customers based on the way they view today and the way they may want to view tomorrow, including across future digital platforms,” said Brian Angiolet, SVP Product and New Business, Verizon. “Providing customers with choice remains at the core of all of our video offerings, and this agreement with CBS fits squarely into our strategy of expanding rights to fill out our emerging vertically integrated media portfolio.”