Paramount Global Warning by the Liven Transportation Road on the horizon with YouTube TV, which means that channels like CBS, Nickelodeon, Comedy Central and others can oppress Thursday for millions of subscribers.
“We have made a series of fair offers to continue our long relationship with Google’s YouTube TV, providing subscribers access to the full collection of entertainment, news and sports programs in Paramount,” said a spokesman for Paramount in a statement presented to the deadline.
The statement proceeds that Paramount has reached renovations with multiple distributors in recent months. Paramount said Paramount+ and Bet+ can also remove from YouTube.
The statement added: “YouTube TV is trying to pressure the approval of unilateral conditions, and these non -market requirements may lead to the loss of PAAROUNT networks that can be avoided.”
Paramount Co-CEOS George George Cheeks and Chris McCarthy and Brian Robbins, who are already trying to direct the company during a sensitive period as it looks to close $ 8 billion with Skydance Media, and informed the situation to employees in a note. (Read the full memo below.)
Since its launch in 2017, YouTube TV has grown to become one of the dominant television service providers in the United States, reaching 8 million subscribers from last year. It has been recently disposed of the second prices in the year and a half last year, a reflection of the increasing financial leverage in the market. YouTube TV added a NFL Sunday ticket in 2022, a step costing several billion dollars, but also resulted in a stumbling block in the payment package.
The world of paid TV distribution, and is always exposed to shedding on transportation fees and the conditions of the deal, which often led to the power outage, is more controversial in the current era due to the cutting of the rope. Programmers like Paramount deals with a fixed decrease in video customers, and at the same time trying to expand the scope of direct broadcasting services for consumers. Disney has had a great contact with Communications Charters and Directv over the past two years as these operators have noticed Disney to get higher fees.
This is the full internal memorandum:
a team,
Our commitment to partnership is a real discrimination, including our successful record of completing the main deals that emphasize the demand for our distinguished portfolio of entertainment networks, news and sports networks. The truth is that you cannot have a successful video product without Paramount, one of the leading media to watch TV.
We also continue to update and expand our relationships with distributors to create a useful value for both parties – not only to push our business forward but also help to turn the industry into a better fans service.
With this the same spirit of partnership, Paramount was negotiating a renewal agreement with Google to provide YouTube TV subscribers with their favorite premium content from Bet, CBS Network SPORTS Network, Comedy Central, MTV, Nickelodeon, Paramount Network and more. Unfortunately, Google is unwilling to agree to reasonable conditions in line with the market, and choosing to expose the entertainment experience at the expense of consumers.
As a result, we will start tonight to warn subscribers that Google may drop all prominent channels, as well as Paramount+ and Bet+ from YouTube Primetime channels, when our contract expires on February 13. Many of you, your family and friends may be subscribed to YouTube TV, so you can not hesitate to share a link to KeepParamount.com, which will be updated with news and relevant information.
We still hope that we can reach an agreement that somewhat realizes the full power of our brands and popular programming. Thanks to everyone for your hard work, support and dedication to our fans and partners. We will update you with the development of this situation in the coming days.
better,
George, Chris, Brian
