As we mentioned earlier this week, Viacom, the media company that owns Comedy Central, MTV and Nickelodeon, among many other channels, and Time Warner Cable have been unable to resolve a business agreement and is threatening removing Viacom channel services to subscribers. Which means that Time Warner customers may not be able to watch some of their favorite shows.
But, thankfully, it looks like Time Warner has caved in.
Just before the midnight deadline a deal was finally reached.
This means all 19 cable networks owned by Viacom will stay on Time Warner’s lineup.
And that’s good news cuz more than 13 million subscribers would have been affected. And we know people can’t get enough of The Hills. Oh, wait. They CAN! Ratings are down!
Viacom was originally demanding a fee increase of about 25 cents per subscriber per month for its channels. Time Warner said it wouldn’t pay more claiming they’d have to charge the cost to their customers.
At the moment, the final details of the contract haven’t been released, but don’t be surprised if you see a price increase on your bill because of Viacom’s greedy ways.