Feb 12 (Reuters) - Media giant Paramount Global’s (PARA.O) channels, including CBS and Nickelodeon, will be unavailable on YouTube TV starting Thursday after the two companies failed to reach a contract renewal, both parties said.
Paramount said on Wednesday that YouTube TV was attempting to pressure it into accepting “one-sided terms” and “non-market demands” that could lead to the removal of Paramount’s networks from YouTube TV.
“We have made a series of fair offers to continue our long-standing relationship with Google’s YouTube TV,” a Paramount spokesperson said, adding that it will continue its efforts to reach a new agreement.
This is the oldest dance in the cable game. It’s ridiculous.
Company A wants more money.
Company B says no, they want that money.
Both companies ask consumers to blame each company.
A deal is reached at the last minute, maybe a day of blackouts.
The price of cable then increases by wayyyy more (or more likely just increased) a month or two removed.
Company A & B each walk away with more money, having successfully blamed each other.
