Verizon Inks Deal With CBS For Content

New York City-based Verizon Communications Inc., announced it is teaming up with CBS Corporation in a multi-year content agreement.

The two companies signed a multi-year content carriage agreement that includes continued retransmission consent of CBS-owned television stations, including CBS-owned The CW affiliates, in multiple markets across the country as well as distribution of the popular entertainment and sports channels Showtime, Smithsonian Channel and CBS Sports Network on Verizon Fios TV.

Verizon will also provide access to live authenticated streaming on CBS.com, the CBS App and Verizon’s authenticated platform, giving Verizon Fios’ TV customers the ability to stream CBS live online and on mobile devices. In addition, CBS and Verizon have agreed to expand the partnership to future digital platforms, with specifics to be released at a later date. Financial terms were not disclosed.

“We are very pleased to expand our terrific partnership with Verizon,” Ray Hopkins, President, Television Networks Distribution, CBS Corporation said in a statement. “The renewal of our Fios content carriage agreement for various CBS networks and our expanded rights for future digital platforms is in line with our Company’s strategy to deliver industry-leading content to viewers across multiple platforms and screens, while also achieving both our short and long-term economic goals.”

Get more details about the deal at Verizon.com