Entertainment Unleashed: Charter's Spectrum To Offer Ad-Supported Paramount+ & More At No Extra Cost
Portfolio Pulse from Lekha Gupta
Paramount Global (NASDAQ: PARA) and Charter Communications (NASDAQ: CHTR) have signed a multi-year agreement to distribute Paramount's linear networks, CBS-owned stations, and streaming services. The deal includes ad-supported versions of Paramount+ Essential and BET+ Essential at no extra cost to Charter's Spectrum TV customers. Charter will also offer Paramount's direct-to-consumer products to its Internet-only customers.
May 24, 2024 | 10:42 am
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Paramount Global is reportedly in discussions with Amazon.com Inc about potentially expanding their media partnership.
Potential expansion of the media partnership with Paramount could enhance Amazon's streaming content offerings, benefiting its Prime Video service.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Charter Communications has signed a multi-year agreement with Paramount Global to distribute Paramount's networks and streaming services, including ad-supported versions of Paramount+ Essential and BET+ Essential at no extra cost to Spectrum TV customers.
The deal enhances Charter's Spectrum TV offering, potentially increasing customer satisfaction and retention, and attracting new subscribers.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Paramount Global has signed a multi-year agreement with Charter Communications to distribute its networks and streaming services, including ad-supported versions of Paramount+ Essential and BET+ Essential at no extra cost to Spectrum TV customers.
The agreement expands Paramount's distribution reach and enhances its streaming service offerings, which could positively impact its revenue and subscriber growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Paramount Global through the Invesco S&P 500 Pure Value ETF (NYSE: RPV).
The ETF includes holdings in Paramount Global, which could benefit from the new distribution agreement with Charter Communications.
CONFIDENCE 50
IMPORTANCE 40
RELEVANCE 20
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Investors can gain exposure to Paramount Global and Charter Communications through the Communication Services Select Sector SPDR Fund (NYSE: XLC).
The fund includes holdings in both Paramount Global and Charter Communications, which could benefit from the new distribution agreement.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 30