NBCUniversal, Cablevision Strike Multi-Year Carriage Deal
The agreement covers retransmission consent for NBC and Telemundo TV stations, for which the company hasn't been paid in the past.
Comcast-controlled NBCUniversal and Cablevision Systems on Monday unveiled a multi-year carriage agreement that covers the entertainment company's sports, news and entertainment broadcast and cable content.
Financial details weren't disclosed.
The deal covers retransmission consent for NBC and Telemundo TV stations and continued carriage of such cable networks as USA, Bravo, CNBC, E!, G4, MSNBC, mun2, NBC Sports Network, Oxygen Media, Style Media, Syfy, Telemundo and The Golf Channel, as well as Comcast Sports Network Philadelphia.
NBCUniversal CEO Steve Burke recently said that the company hasn't been paid for retrans deals so far, but was expecting to do include payments as part of carriage renewals.
"The long-term agreement includes expansive rights to on-demand content from NBCUniversal’s cable and broadcast network portfolio, and access to live channels across multiple platforms, both in and out of the home," the companies said.
“Cablevision has always been a terrific partner to NBCUniversal, and I’m thrilled they continue to recognize the worth of our top quality broadcast and cable networks and the value a multi-platform offering brings to their customers,” said Matt Bond, executive vp, content distribution at NBCUniversal. "This broad agreement validates how content providers and distributors can come together and develop mutually beneficial deals of this magnitude.”
“This agreement ensures our customers will continue to enjoy many of the great networks and brands of cable television for years to come, including NBC, USA, CNBC and Bravo,” said Tom Montemagno, Cablevision’s senior vpt of programming acquisition. “It also, for the first time, allows us to deliver this programming to our customers outside the home, and we look forward offering a variety of these new NBCUniversal services starting early next year.”