Stamford-based Charter Communications Inc. (NASDAQ: CHTR) has signed a multi-year agreement with TelevisaUnivision to extend and expand their partnership.
As part of the arrangement, TelevisaUnivision will create a new ad-supported premium subscription version of ViX, which is scheduled to launch later this year and will be available at no additional cost to Spectrum customers who receive TelevisaUnivision channels as part of their Spectrum TV Select or Mi Plan Latino packages.
According to the companies, ViX’s “Premium with Ads” offering will give viewers access to the entire ViX Premium content offering, including exclusive original series, novelas, comedies, movies, thousands of live exclusive soccer matches and tens of thousands of hours of library content with a moderate advertising load.
TelevisaUnivision’s networks include Univision, UniMás, Galavisión, TL Novelas, TUDN, FOROtv, Bandamax, De PelÃcula, De PelÃcula Clasico, Telehit and Telehit Música. The financial terms of the agreement were not disclosed.
“We appreciate TelevisaUnivision’s willingness to fully support our new distribution framework, which is good for customers and a significant step forward for the video ecosystem,” said Tom Montemagno, executive vice president of programming acquisition for Charter. “With this agreement, our customers will continue to enjoy access to TelevisaUnivision’s extensive Spanish-language programming, including entertainment and live sports, across multiple platforms. This furthers our goal of providing value to customers by including streaming apps with Spectrum services.”
