Comcast’s NBCUniversal media and entertainment conglomerate today announced that it signed a new carriage and licensing deal with Lions Gate for the company’s planned Peacock streaming service scheduled to launch next year
Under the terms of the agreement, Peacock will have access to Lions Gate’s library of television shows and feature films. NBCUniversal will also license content to Lions Gate’s Starz network for the Starzplay streaming service that’s available in the 49 countries, according to a press release.
The Starz flagship premium channel, as well as its Encore branded networks, will continue to be available to customers of Comcast’s Xfinity service. Philadelphia-based Comcast has also expanded distribution of the Lions Gate channels on the Comcast Flex platform and will provide a path for an orderly transition to an à la carte business.
“We are pleased that we were able to extend the partnership to Peacock and other businesses within Comcast while also ensuring Xfinity customers continue to enjoy great Starz programming,” said Dana Strong, President of Consumer Services for Comcast Cable. Financial details of the Comcast-Lions Gate deal were not released. The companies have been trading barbs in the press for months. Blackouts were threatened. According to
, the negotiations attracted the attention of members of Congress and the U.S. Department of Justice, which conducted an informal inquiry.movie franchises, has been rumored to be an acquisition target for larger media conglomerates eager to expand their content holdings as the streaming wars heat up. ViacomCBS reportedly turned down a $5.5 billion offer from Lions Gate to buy StarzComcast is planning to offer versions of Peacock paid for by subscribers and another supported by advertisers.
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