Charter and AMC Networks to renew distribution agreement

AMC Networks (AMCX) and Charter Communications (CHTR) announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry AMC Networks’ portfolio of linear cable networks for multiple years to come. Continuing Charter’s industry-leading strategy of including programmer streaming apps in the cable bundle to enhance the value proposition, the ad-supported version of AMC Networks’ direct-to-consumer streaming service AMC+ will be included at no additional cost to Charter’s Spectrum TV Select customers. Additionally, Charter will make AMC+ available for purchase to its millions of Internet-only customers. With the addition of AMC+, Charter, through its programming deals, will be providing its Spectrum TV Select Plus customers more than $40/month in retail value for streaming apps, and over $30/month in retail value for Spectrum TV Select/Select Signature customers. Financial terms of the agreement were not disclosed.