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  • 6 weeks ago
YouTube and Fox reached a new distribution deal Friday that will keep Fox News, Fox Sports, and other Fox channels on YouTube TV, according to CNBC. The deal avoids a potential blackout for its 9.4 million subscribers. The companies had earlier agreed to a short-term extension to prevent disruptions, but YouTube warned earlier this week that it may drop Fox channels by Wednesday if no deal was reached. The standoff came as Fox launched its standalone streaming service, Fox One, priced at $19.99 per month or $199.99 annually. YouTube said on Monday that Fox was seeking payments higher than its peers with similar offerings. The agreement ensures YouTube TV subscribers will not miss key programming ahead of football season. FCC Chair Brendan Carr praised the deal, calling it good news for football fans.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:03YouTube and Fox reached a new distribution deal Friday that will keep Fox News, Fox Sports,
00:07and other Fox channels on YouTube TV, according to CNBC. The deal avoids a potential blackout
00:13for its 9.4 million subscribers. The companies had earlier agreed to a short-term extension
00:18to prevent disruptions, but YouTube warned earlier this week that it may drop Fox channels
00:23by Wednesday if no deal was reached. The standoff came as Fox launched its standalone streaming
00:29service, Fox 1, priced at $19.99 per month, or $199.99 annually. YouTube said on Monday
00:38that Fox was seeking payments higher than its peers with similar offerings. The agreement
00:43ensures YouTube TV subscribers will not miss key programming ahead of football season.
00:48FCC Chair. Brendan Carr praised the deal, calling it good news for football fans.
00:54For all things money, visit Benzinga.com.
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