Verizon will now offer the NBA’s season “League Pass” on all its platforms via Yahoo Sports, in addition to its go90 platform, which comes complete with ad inventory to sell. “At Verizon Media, we are designing our solutions and platforms to provide the utmost value to publishers and advertisers,” continued Markman. The $50.6 billion-asset CIT will pay $1 billion in cash and stock for the $8.3 billion-asset Mutual. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Monday’s agreement with Hulu is the latest in a series of expanded deals ViacomCBS has inked with distributors since its merger in 2019, including Alphabet’s YouTube TV, … ViacomCBS announced a new multi-year distribution agreement with Walt Disney’s Hulu for the addition of 14 new networks on the latter’s live TV streaming service, Hulu + … All Rights reserved. The rumor comes from YouTuber Grace Randolph. Distribution has been a top priority for CEO Bob Bakish since he took the reins at Viacom following several scorched-earth years of dealmaking by ousted CEO Philippe Dauman. ViacomCBS Digital has named Verizon Media its preferred supply-side platform for CBS News’ free digital streaming news service, CBSN, and ET Live, its entertainment news streaming network. Telecom Services is number 99 out of 148 industries. ViacomCBS and Verizon reps did not respond to Deadline’s request for comment on the agreement. “CTV is seeing significant growth,” said Iván Markman, Chief Business Officer at Verizon Media. ViacomCBS has a strong back catalogue of shows and movies that could be very appealing for those guys to own, which was a big part of my decision to buy. There are dozens of networks under the ViacomCBS tent, and Wall Street analysts have been eager to see how soon their various carriage renewal cycles would become aligned. After almost 3.3x rise since its March lows of 2020, at the current price of $36 per share, we believe ViacomCBS stock is overvalued. Pluto, the free, ad-supported service owned by ViacomCBS, has more than 20 million monthly viewers. Our editorial transparency tool uses blockchain technology to permanently log all changes made to official releases after publication. CIT Group in New York has agreed to buy Mutual of Omaha Bank. According to eMarketer, CTV ad spend will surpass $10 billion by 20211, with consumers embracing CTV as a new and better video-viewing experience. • Eventually, ViacomCBS could become an attractive acquisition target for a company like Amazon, which is pursuing original programming and live sports, or Verizon, which has eyed CBS before. According to a report in Sports Business Daily, for example, some quid pro quo played a role in a recent deal by SNY stakeholder Charter Communications. Going forward more of our content will be permanently logged via blockchain technology—enabling us to provide greater transparency with authoritative verification on all changes made to official releases. ViacomCBS' stock hit a 52-week high of $43.04 in December before falling to a low of $10.10 after a first earnings report and call for the merged company that was badly received and the … Viacom CBS has a range of both subscription and ad-supported services. This relationship reinforces our commitment to supporting editorially-driven inventory in a connected, omnichannel environment.”. Sports programming, which has been wiped out by COVID-19, plays a key role in the ViacomCBS portfolio. More of our content is being permanently logged via blockchain technology starting [10.23.2020]. Verizon has taken on a considerable amount of debt in recent years, most notably in 2014, when it bought Vodafone's 45 percent stake in Verizon Wireless for $130 billion. ViacomCBS CFO Naveen Chopra is ready to dial up the heat on streaming foes Netflix, Disney, Amazon and AT&T-owned Warner Bros. Chopra — the former interim CEO of Spotify rival Pandora and more recently the CFO of Amazon’s devices business — joined ViacomCBS in August.The mission for the seasoned veteran: use his vast media experience to expand Viacom’s presence in streaming so it … Due to Hearst Television demanding unreasonably large rate increases, Verizon may soon be forced to stop offering channels owned by Hearst. Ahead Of Fall Debut, Netflix Beats Q4 Subscriber And Revenue Forecasts, Sees Cash-Rich Future, “Celebrating America” With Biden-Harris: Reactions, Photo Gallery, Speeches, Performances, News & More, The Soundtrack Of Our New Lives: Watch Lady Gaga, Jennifer Lopez & Garth Brooks Sing In Biden-Harris Administration, Exits White House For Last Time; Last-Minute Pardons; Michael Moore Says, “He Must Pay For His Actions”, Stock Hits High After Q4 Earnings Beat Street, Global Subs Passing 200M; Execs Talk Windows, Disney+. Reply Like (3) Store of value In all honesty, Verizon is a much better parent company for ViacomCBS than National Amusements. The ViacomCBS Inc. Investor Relations website contains information about ViacomCBS Inc.'s business for stockholders, potential investors, and financial analysts. NEW YORK, NY (July 16, 2020) -- Verizon Media today announced that ViacomCBS Digital, a division of ViacomCBS, has named Verizon Media its preferred supply side platform (SSP) for CBSN, CBS News’ free 24/7 digital streaming news service, and for ET Live, the 24/7 streaming network dedicated to entertainment news. “We are uniquely positioned to help premium CTV publishers like CBS News Digital meet that opportunity, giving them access to leading advertisers who use our ad platform to uniquely plan, buy and measure the impact across all media campaigns. Verizon Communications Inc. gets a 77 rank in the Telecom Services industry. Read the full story: CIT to buy Mutual of Omaha Bank for $1 billion. With today’s news, CBSN and ET Live CTV inventory is now available in the Verizon Media Video SSP for monetization. Today’s move has price action moving back above the short-term moving average where I suspect buyers will be waiting. Verizon also acquired AOL for $4.4 billion in 2015, and Yahoo's internet assets for $4.5 billion in 2017. A new rumor indicates that ViacomCBS could be up for sale with Netflix being a potential buyer. Increasing scale on the programming front, which confers leverage in distribution talks, was a key motivation behind the merger of Viacom and CBS, which were each controlled by National Amusements. SportsNet LA, a network owned by Charter, secured carriage on AT&T’s DirecTV — a must-have platform — after agreeing to carry WarnerMedia streaming service HBO Max when it launches May 27. ET Live is the 24/7 direct-to-consumer streaming network dedicated to all things entertainment. Advertisers can purchase the inventory through the Verizon Media DSP or Verizon Media Exchange. Comcast / ViacomCBS While we knew it was coming , Comcast customers can stream CBS All Access through the company’s Xfinity X1 cable offering starting this week. ... Verizon, ViacomCBS, and MGM Resorts have all been largely … There's also the possibility someone buys the company outright for its media assets. Verizon Communications Inc. is near the top in its industry group according to InvestorsObserver.VZ gets an overall rating of 53. CBS Television Distribution will still distribute the rights, but that means Verizon will have to turn CBS Television Distribution back into CBSParamount Domestic Television. In ViacomCBS’s first year as a combined company, it also has inked renewals with pay-TV providers including Comcast, Dish Network and Verizon. At the same time it reached terms with ViacomCBS, FiOS also made a carriage deal with SNY, the New York regional sports network that airs New York Mets baseball and other local games. Verizon, ViacomCBS, and MGM Resorts have all been largely left out of the market's recovery, but that doesn't mean they won't be great buys long … Bakish mended several fences, repairing ruptures with Altice One and others before becoming chief of the merged company. Subscribers to Hulu's live TV service are about to get more bang for their buck. Netflix released its 4 th Quarter 2020 financial results yesterday, and that whoosh sound you heard is a financial juggernaut whizzing by us in an even higher gear. History That means it scores higher than 53 percent of stocks. She took to Twitter to write, “Okay here’s some Friday tea for you. ViacomCBS is emerging as a digital-entertainment giant that can compete with the likes of Netflix , Amazon(AMZN), and Disney (DIS). We want to hear from you! Nasdaq ViacomCBS has reached an agreement with Verizon FiOS in the first carriage deal spanning its full portfolio of networks since the merger of … Dish Network and Verizon. Under the deal, it will have placement across Verizon’s wireless network, which … Copyright © 2021 Penske Business Media, LLC. In 1994, Viacom bought 50.1% of Paramount Pictures for $9.8 billion, valuing Paramount at approximately $19.2 billion. But also Netflix MIGHT buy Viacom (CBS / Paramount, etc).” The corporate boards of Viacom and CBS agreed to merge in an all-stock deal Tuesday, reuniting the Redstone family's entertainment holdings after … In early 2020, ViacomCBS sold a stake in Roku, the maker of streaming devices and smart TVs, for about $146 million, well ahead of the $10 million Viacom had originally paid for it in 2015. VIAC stock has … Under an expanded distribution deal, 14 more ViacomCBS cable networks are … ViacomCBS Inc. is an American diversified multinational mass media conglomerate and formed through the merger of the second incarnation of CBS Corporation and the second incarnation of Viacom on December 4, 2019, which were split from the first incarnation of Viacom in 2006. “This partnership furthers our investment in growing channels, specifically CTV, and in delivering best in class video and content experiences to advertisers and consumers. 1 eMarketer - US Connected TV Ad Spending Will Grow Nearly 40% in 2019. ViacomCBS VIAC recently signed an expanded distribution deal with Disney’s DIS Hulu + Live TV, which is currently the fifth-largest pay-TV provider in … CBSN, CBS News’ digital streaming news service features live, anchored coverage available for free across all platforms. Official releases after publication a 77 rank in the Verizon Media Video SSP and Verizon reps did respond! 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