Paramount signs new carriage deal with Charter Spectrum including Paramount+

Paramount Worldwide has struck a deal with cable TV giant Charter Communications at a critical time for the entertainment company.

Paramount, which owns CBS, Paramount+, MTV, Comedy Central, BET, Nickelodeon and other brands, has reached a multi-year agreement with Charter that will continue to provide its network services to Charter customers and to Charter TV Paramount+ is available free to subscribers, as well as BET+ Essential.

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Later this year, Paramount+ Essential and BET+ Essential will be available on Spectrum TV Select plans and Mi Plan Latino customers through the Xumo Stream Box or any other Paramount+ supported device.

Spectrum’s Paramount+ with Showtime linear customers will also continue to receive the Paramount+ with Showtime plan for free.

The consequences of negotiations with Charter are significant, with the outage likely to impact Paramount’s transmission and advertising revenue (Charter is the largest pay-TV provider in the United States, with 14.1 million video subscribers).

The deal comes at a critical time for the company, which ousted Chief Executive Bob Bakish on April 29 and replaced him with three senior executives.

Charter has been tough on its content providers since the Disney blackout last year, with TelevisaUnivision following the entertainment giant’s lead in offering a streaming service to TV subscribers.

There will be more to come.

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