AT&T, Viacom continue contract negotiations past deadline

FILE Image: The Viacom small business office environment is found in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson

(Reuters) – MTV, Nickelodeon, Comedy Central and other Viacom Inc channels finished up continue to obtainable on AT&T Inc’s DirecTV satellite Tv established support on early Saturday early early morning as the companies ongoing to hash out a new carriage offer.

It was not straight away crystal clear if a provide could be attained, resources briefed on the make any big difference spelled out. AT&T and Viacom declined to remark.

The before offer, in which AT&T compensated out Viacom about $one billion in costs annually, expired at midnight Friday. Failing to reach a provide signifies Viacom channels would not be obtainable to AT&T’s 24.five million customers.

These kinds of conflicts have create into progressively popular amid waves of media consolidation and the migration of viewers from normal shell out back again tv set options to streaming Tv established options these sorts of as Netflix and Amazon.

The current conversations have weighed on any most likely tie-up of CBS Corp and Viacom, the two similarly of which are managed by the Redstone family’s Countrywide Amusements Inc.

Viacom experienced started out warning AT&T subscribers on Tuesday that its channels could stop acquiring revealed on the DirecTV support if it unsuccessful to reach a new offer by midnight on March 22.

Viacom, operator of MTV, Nickelodeon, Wager and Comedy Central, accused AT&T of abusing its powers suitable soon after acquiring Time Warner Inc, which owns the Warner Bros Hollywood studios and HBO significant excellent cable group.

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AT&T has spelled out Viacom channels are no far more time as widespread as they the second finished up and accused them of acquiring a “serial poor actor” in offer renewal negotiations.

Reporting by Kenneth Li Boosting by Tom Hogue

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