Announced
Financials
Sources
Tags
subscription video programmin
Pending
Friendly
Single Bidder
United Kingdom
Entertainment
Acquisition
Private
Joint Venture
Majority
Cross Border
Synopsis
Comcast, an American telecommunications conglomerate, and ViacomCBS, an American diversified multinational mass media conglomerate, agreed to form SkyShowtime, a subscription video on demand service platform. Financial terms were not disclosed. “With the launch of SkyShowtime we are well positioned to utilize our global content engine to create a compelling streaming offering, quickly and at scale, with a smart strategic phased investment. As a complement to our recently announced Paramount+ partnership with Sky in the UK, Italy, and Germany, SkyShowtime represents a huge opportunity to accelerate our market expansion and build a leadership position in SVOD in Europe," Raffaele Annecchino, ViacomCBS President & CEO.
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