Time Warner Cable Inc (TWC) Extends Viacom Deal

0
Time Warner Cable Inc (TWC) Extends Viacom Deal
By Warp3 [Public domain], via Wikimedia Commons

Time Warner Cable Inc (NYSE:TWC), the second largest cable MSO (multi-service operator) in the U.S., has renewed its distribution agreement with Viacom Inc. (VIAB). This multiplatform agreement will allow Time Warner Cable to telecast all TV channels of Viacom in SD, HD, video-on-demand, authenticated websites and applications platforms.

Play Quizzes 4

Additionally, per the new deal, Time Warner Cable gained rights to distribute movie network Epix, a joint venture between Viacom, Lions Gate Entertainment and Metro-Goldwyn-Mayer Studios.

Is First Gen An Overlooked Power Play That Deserves A Re-Rating?

environmental 1651092002The post was originally published here. Highlights: Resolving gas supply issues ensures longevity A pioneer in renewable energy should be future proof Undemanding valuation could lead to re-rating Q1 2022 hedge fund letters, conferences and more

We believe renewal of Viacom’s network is a huge relief for Time Warner Cable. In Aug 2013, the company faced a month-long blackout of CBS network over programming contract renewal disputes with CBS Corp. (CBS). In the third quarter of 2013, Time Warner Cable lost a whopping 306,000 residential pay-TV subscribers primarily due to the CBS network blackout.

Comcast, the largest cable MSO in the U.S., also lost 129,000 video subscribers in the same quarter. In a recently published report, Leichtman Research Group stated that the top nine U.S. cable TV operators had a net loss of 600,643 pay-TV customers in the said quarter. This was the cable TV industry’s biggest net loss after the third quarter of 2010.

Last month, Time Warner Cable renewed its existing deal with Discovery Communications Inc. (DISCA). The multiplatform agreement will let subscribers watch live as well as video-on-demand Discovery programs. In the future, Time Warner Cable intends to negotiate with Discovery to offer its network to the TVEverywhere subscribers with an authenticated log-in facility. As a result, viewers will be able to watch Discovery contents even when they are outdoors.

Both Time Warner Cable and Viacom currently have a Zacks Rank #3 (Hold).

CBS CORP (CBS): Free Stock Analysis Report

DISCOVERY COM-A (DISCA): Free Stock Analysis Report

TIME WARNER CAB (TWC): Free Stock Analysis Report

VIACOM INC-B (VIAB): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Updated on

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were audited and attested by Baker Tilly, an independent accounting firm.
Previous article Ford Motor Company (F) Gains on Aluminum Truck News
Next article Chilton And Soros Soared By DryShips Inc. (DRYS)

No posts to display