U.S. Markets close in 50 mins

Entertainment Studios Networks And Comcast Announce Content Carriage Arrangement

Deal Includes Terms for The Weather Channel, Multiple Broadcast Stations, Three Entertainment Studios Networks and Local NOW AVOD Streaming App

LOS ANGELES and PHILADELPHIA, June 11, 2020 /PRNewswire/ -- Entertainment Studios Networks and Comcast today announced they have entered into a content carriage arrangement that extends and amends terms for The Weather Channel and 14 broadcast television stations.  The deal also includes distribution of Comedy.TV, Recipe.TV and JusticeCentral.TV on X1 and video on demand and TV everywhere rights for those networks.  Comcast will also launch the free ad-supported digital app, Local NOW, on the Xfinity X1 and Flex platforms, and Xfinity customers who receive The Weather Channel will have access in the coming months to its weloveweather.tv website and app on an authenticated basis.  

"We're excited to begin a new phase of partnership with Comcast and Xfinity, including the distribution of our cable channels for the first time on Xfinity platforms," said Byron Allen, Founder, Chairman and CEO, Entertainment Studios/Allen Media Group.

"We are pleased to have reached this multifaceted agreement that continues our long relationship with The Weather Channel while bringing Xfinity customers additional content.  We look forward to an ongoing partnership," said Bec Heap, Senior Vice President, Video and Entertainment, Comcast Cable.

The companies also announced that pending litigation between the two organizations has been withdrawn.  Additionally, financial terms of the agreement were not disclosed.

About Entertainment Studios Networks
Chairman and CEO Byron Allen founded Entertainment Studios in 1993. Headquartered in Los Angeles, it has offices in New York, Chicago, Atlanta, and Raleigh.  Entertainment Studios owns 15 U.S. Big-Four network affiliate broadcast television stations and nine 24-hour HD television networks serving nearly 160 million subscribers: THE WEATHER CHANNEL, PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, and JUSTICE CENTRAL.TV. Entertainment Studios will add its tenth network, THE WEATHER CHANNEL EN ESPANOL in 2020. Entertainment Studios also owns the LOCAL NOW AVOD streaming service, powered by THE WEATHER CHANNEL and content partners, which delivers real-time, hyper-local news, weather, traffic, sports, and lifestyle information. Entertainment Studios also produces, distributes, and sells advertising for 64 television programs, making it one of the largest independent producers/distributors of first-run syndicated television programming for broadcast television stations. With a library of over 5,000 hours of owned content across multiple genres, Entertainment Studios provides video content to broadcast television stations, cable television networks, mobile devices, multimedia platforms, and the World Wide Web.  Our mission is to provide excellent programming to our viewers, online users, and Fortune 500 advertising partners. For more information, visit: www.entertainmentstudios.com

Entertainment Studios Motion Pictures is a full-service, theatrical motion picture distribution company specializing in wide release commercial content. ESMP released 2017's highest-grossing independent movie, the shark thriller 47 METERS DOWN, which grossed over $44.3 million. In 2018, ESMP also released the critically-acclaimed and commercially successful Western HOSTILES, the historic mystery-thriller CHAPPAQUIDDICK and the sequel to 47 METERS DOWN47 METERS DOWN: UNCAGED.

The digital distribution unit of Entertainment Studios Motion Pictures, Freestyle Digital Media, is a premiere multi-platform distributor with direct partnerships across all major cable, digital and streaming platforms. Capitalizing on a robust infrastructure, proven track record and a veteran sales team, Freestyle Digital Media is a true home for independent films.

In 2016, Entertainment Studios purchased TheGrio, a digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets. TheGrio features aggregated and original video packages, news articles and opinion pieces on topics that include breaking news, politics, health, business and entertainment. Originally launched in 2009, the platform was then purchased by NBC News in 2010. The digital platform remains focused on curating exciting digital content and currently has more than 20 million annual visitors.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses:  Comcast Cable, NBCUniversal, and Sky.  Comcast Cable is one of the United States' largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses.  It also provides wireless and security and automation services to residential customers under the Xfinity brand.  NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts.  Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services.  It also provides communications services, including residential high-speed internet, phone, and wireless services.  Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights.  Visit www.comcastcorporation.com for more information.

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/entertainment-studios-networks-and-comcast-announce-content-carriage-arrangement-301074092.html

SOURCE Entertainment Studios, Inc.