YouTube TV and Paramount have successfully made a deal to ensure that favorite channels like CBS, Nickelodeon, and CBS Sports will continue to be available.
This agreement has been confirmed today by cordcutternews.com.
Earlier this week, YouTube TV users received a warning message, letting them know that they might lose access to Paramount-owned content due to ongoing negotiations. Google, the parent company of YouTube TV, also temporarily reduced the Base Plan price from $72.99 to $66.99 per month as a common practice during negotiations.
The situation became even more uncertain because Paramount’s original contract with YouTube TV was set to expire on October 25, 2023.
However, Google and Paramount have not disclosed the specific terms of the agreement or how long it will last, which leaves some uncertainty about whether this is a permanent solution or a temporary extension.
This isn’t the first time YouTube TV has expanded its partnership with ViacomCBS (now Paramount Global).
In May 2020, YouTube TV reached an expanded, multi-year deal with ViacomCBS to add the company’s major cable networks, including MTV, Nickelodeon, BET, and Comedy Central, which were notably missing when the service first launched.
While this is good news, there is still a concern that YouTube TV might raise subscription prices in the future. However, Abdul Kader says,
“This is unlikely to happen frequently among pay-TV providers.”
In general, pay-TV companies have already increased prices to a point where customers are not willing to pay more.
Prices have reached a saturation point, and further increases won’t be well-received by customers.