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Verizon Communications Inc. VZ, -2.05% said on Wednesday it has renewed its carriage agreement with A&E Networks expanding programming from A&E, including from Lifetime, the History channel and Viceland across Verizon’s media brands, including Yahoo and AOL.
A&E is co-owned by Walt Disney Co. DIS, +0.43% Comcast Corp.’s CMCSA, -1.61% NBCUniversal and Hearst Communications.
The new deal will also give Verizon first rights to content from A&E’s in-house digital content producer 45th & Dean. “This partnership expansion is yet another example of how we’re fueling our new Oath media brands,” said Brian Angiolet, Verizon’s chief media and content officer, in a statement.
This deal follows an announcement Verizon made last month that the company had entered a deal with the National Football League to stream games beginning in January. Shares of Verizon have declined close to 4% in the trailing 12-month period. By comparison, the S&P 500 index SPX, +0.64% is up 20% and the Dow Jones Industrial Average DJIA, +0.40% is up almost 25%.
Source: Market Watch
