Paramount (PARA) and Mediacom renew distribution agreements

Paramount Global (NASDAQ: PARA, PARAA) and Mediacom today announced the renewal of their comprehensive distribution agreements to continue providing Paramount's leading portfolio of broadcast, entertainment, news, and sports brands across Mediacom markets.

The multi-year agreements extend Mediacom’s carriage of Paramount’s premier networks, including CBS, BET, Comedy Central, MTV, Nickelodeon and Paramount Network. As part of the renewal, Mediacom can now make the Paramount+ Premium plan available to qualifying Mediacom customers.

“We are pleased to strengthen our valued long-term partnership with Mediacom,” said Ray Hopkins, President of Paramount U.S. Distribution. “With this renewed agreement, we look forward to bringing audiences greater flexibility and expanded access to the best in news, sports and entertainment from our powerhouse portfolio of popular brands.”

“As the industry continues to evolve, Mediacom is pleased to announce our multi-year renewal agreement with Paramount. This agreement allows us to offer our linear TV service along with streaming options giving our customers more choices. Combined with Mediacom’s internet, video, phone, mobile and security, we are delighted to be the “one stop” shop for today’s digital home,” said Italia Commisso Weinand, EVP Programming & Human Resources, Mediacom Communications.

Terms of the agreement were not disclosed.

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