Paramount Global (PARA) announced on Tuesday the renewal of its distribution agreements with Comcast Corp. (CMCSA). This strategic partnership will continue to bring Paramount's diverse range of broadcast, entertainment, news, and sports brands to audiences via Xfinity platforms. The specific terms of the renewed agreement remain confidential.
The entertainment powerhouse anticipates that this multi-year agreement will guarantee that its well-loved brands and premium content continue to reach their dedicated customer base.
In pre-market trading, shares of Paramount stand at $10.98, reflecting a 0.40 percent increase, while Comcast's shares are valued at $37.46, showing a slight decrease of 0.09 percent on the Nasdaq.
