Charter Communications (Nasdaq: CHTR) said it signed a multiplatform carriage deal with CBS Corp. (NYSE: CBS) which will allow it to add CBS primetime series such as Big Bang Theory and CSI to its video-on-demand programming lineup.
The agreement, announced Tuesday, gives Charter access to Showtime Anytime, the TV Everywhere application created by CBS's Showtime Networks subsidiary for subscribers with Apple's (Nasdaq: AAPL) iPhone or iPad, and Android devices. Charter said it will also continue to carry CBS's Smithsonian Channel and CBS Sports Network.
CBS has struck similar multiplatform carriage deals in recent months with several other distributors, including Cablevision (NYSE: CVC) and DirecTV (Nasdaq: DTV). Adding CBS content to its free VOD platform could help Charter increase advertising revenue. The MSO didn't say exactly when the CBS programming will be available, noting that it plans to add the CBS titles to its VOD library in all markets "in the coming months."
The distribution deal also includes retransmission consent for CBS owned-and-operated stations in Charter markets.
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