Disney also agreed to drop eight of its less-viewed networks, signaling the end of bloated cable TV bundles.
Broadcasters could negotiate fees that included adding new cable TV channels.
The new type of bundle deal combining traditional channels with streaming services provides a way forward for the media business.
Pity the cable TV channels that few people watch, said one TV station group executive.
Paramount Global has created numerous spin-offs of its main cable channels, with Nickelodeon siring five programming offspring, Nick Jr., Nick at Nite, TeenNick, Nicktoons and Nick Music.
Persons:
Dado Ruvic, John Malone, Walt Disney, ”, Craig Moffett, “, you’re, Rich Greenfield, Jonathan Miller, Nick Jr, Nick, Nick Music, Moffett, Dawn Chmielewski, Kenneth Li, Josie Kao
Organizations:
REUTERS, Liberty Broadband, Charter Communications, Reuters, Disney / Charter, Disney, Broadcasters, Cable, P Global Market Intelligence, Netflix, Leichtman Research, Paramount, ESPN, FX, Integrated Media Co, Warner Bros Discovery, American Heroes Channel, Paramount Global, Nickelodeon, Nick, Thomson
Locations:
U.S, Greenfield, Los Angeles, New York