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TheStreet Open House

Time Warner Cable And Viacom Reach Long-Term Multiplatform Distribution Agreement

NEW YORK, Dec. 24, 2013 /PRNewswire-FirstCall/ -- Time Warner Cable (NYSE: TWC) and Viacom Inc. (NASDAQ: VIAB, VIA) today announced the multi-year renewal of their distribution agreement, which will allow Time Warner Cable and Bright House Networks to continue delivery of the entire portfolio of Viacom networks to their subscribers and provides an enriched multiplatform experience to a vast library of popular on-demand content.

(Logo: http://photos.prnewswire.com/prnh/20110811/NY51392LOGO )

The multiplatform agreement provides for continued carriage of Viacom's channels and content across linear television in both SD and HD, VOD, authenticated websites and apps.  Along with the TWC TV app, subscribers will be able to enjoy on-demand content within apps from Nickelodeon, MTV, VH1, CMT, and Comedy Central. 

As part of an expansion of Time Warner Cable's arrangements with Viacom and its studio partners, Time Warner Cable will for the first time make the entertainment network EPIX available to its subscribers under the terms of the agreement.  A leader in multiplatform availability, EPIX will deliver approximately 3,000 titles on demand to Time Warner Cable and Bright House Networks digital customers.  EPIX programming features recent movies and classic film franchises including top blockbuster movies The Hunger Games, Skyfall, World War Z and Star Trek: Into Darkness as well as original documentaries such as TWA Flight 800 and Schooled: The Price of College Sports and music and comedy events featuring such performers as Madonna, P!NK , Ben Stiller, Seth Meyers and Patton Oswalt.

Philippe Dauman, President and Chief Executive Officer of Viacom, said, "We're committed to serving our audiences on every screen, as they continue to drive the evolution of how video content is experienced.  TWC is equally passionate about its customers and together we crafted a progressive agreement that is a major step forward for consumers and also a model of collaboration for the multiplatform television industry.  Our new agreement offers consumers a comprehensive collection of innovations across platforms, including the availability of EPIX and access to Viacom's vast array of popular content within the Television Everywhere environment both in and out of their homes."

"We're pleased to have reached agreement in advance of our deadline," said Melinda Witmer, Executive Vice President and Chief Video and Content Officer for Time Warner Cable.  "We're working hard to provide our customers with easier access to the content they love; this agreement will provide a more expansive offering to a wide array of our customers, from parents of young children to comedy and movie lovers and more."

Additional terms of the agreement were not disclosed.

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