Comcast and ViacomCBS to form SkyShowtime.

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.