Centauri Law Group P.C.
Call for a Consultation Today We Do Not offer free consultations
1-877-777-6790
Experienced Corporate Representation

Deadline extended in cable giant's contract negotiations

California fans of cable television shows may lose out on some of their favorite channels, due to a dispute between Viacom Inc. and Charter Communications. A distribution deal between the network provider and cable television company was set to expire. If the deadline passed and a resolution was not reached, popular channels including Nickelodeon, Comedy Central and MTV would no longer have been available to Charter Communications customers.

Cable television customers may be relieved to hear then, that the two companies have agreed to extend the contract deadline for renewal. Initially it was set to expire on October 15. If a media blackout occurred, it could impact over 16 million customers.

Moreover, Viacom has a lot at stake in the deal. If the two parties cannot come to an agreement, Viacom could lose 16 percent -- that is, $760 million -- in its yearly revenue from affiliates. Reportedly both Viacom and Charter are facing difficulties, as more people opt out of cable television subscriptions in favor of less expensive alternatives for television programming, such as streaming services.

We hope that the above provides an insight into this business compliance practice. Please feel free to contact our firm if you have any questions. This is an advertisement for legal services. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Source: Reuters, "Viacom, Charter agree to extend renewal deadline: source," Oct. 15, 2017

No Comments

Leave a comment
Comment Information

This is an advertisement for legal services.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.

Email Us For a Response

Tell Us How We Can Help

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office Location

Centauri Law Group P.C.
15615 Alton Pkwy
Suite 175
Irvine, CA 92618

Phone: 949-945-0414
Map & Directions