In a recent announcement, the officials from Charter Communications® and Viacom Inc® confirmed that they have finally reached “an agreement in principle”. The new deal between both the parties will ensure that the cable networks of Viacom® will continue to air on the cable service of Charter Spectrum®.
The authorities from Viacom Inc® had earlier warned Charter® subscribers that they would lose access to Nickelodeon, Comedy Central, MTV, and other networks, if Charter® failed to sign a new deal. Fortunately, Charter® has managed to pull off a new deal before these popular networks were removed from their channel lineup.
In a joint statement, the officials from both the companies stated, “Viacom® and Charter® have reached an agreement in principle. Spectrum® subscribers will continue to have access to Viacom’s networks, without disruption, while we finalize terms.”
Reports from several reliable sources claim that the previous contract between Viacom Inc® and Charter® expired on last Sunday but both the companies refused to share any insight on the expiry date of the previous contract. However, it is true that both of them has agreed to a short-term extension of the contract, which means that customers will not have to worry about losing access to these channels.
Viacom® had earlier stated that they were not asking the telecom company to pay greater fees for their individual channels instead they only wanted Charter® to carry all their 23 TV channels as a part of their new Spectrum® TV service. The telecom giant has shown their reluctance to carry all the channels of Viacom® and we still don’t know how many Viacom® channels have Charter® agreed to carry in the recently signed agreement.
Some of the channels of Viacom® are not as popular as they once were and it has put them on a tough spot. However, Viacom® network shows such as “The Comedy Get Down”, “The Daily Show With Trevor Noah”, “South Park”, “Paw Patrol”, and “SpongeBob SquarePants”, continue to draw a large number of audiences even now. Consequently, audiences were frustrated when they heard that Viacom® would be pulling their channels from the TV service of Charter®.
One of the TV subscribers of Charter®, Mark Hull, posted a comment on the official Facebook page of Charter Spectrum®, in which he wrote “Negotiate for the channels, because if not, I’ll be putting your equipment in a trash bag on my front porch, and you can come get it before it rains next.”