Companies to build disruptive mobile TV
options
T-Mobile (NASDAQ: TMUS) and Viacom Inc. (NASDAQ: VIAB, VIA)
today announced that the companies have entered into a significant
content distribution agreement. Under terms of the deal, Viacom’s
portfolio of leading brands — including MTV, Nickelodeon, Comedy
Central, BET, Paramount and more — will play a key role in
T-Mobile’s delivery of compelling new mobile video services to
consumers later this year. The deal enables the Un-carrier to bring
together live linear feeds of Viacom channels as well as a broad
range of on-demand content to serve T-Mobile’s nearly 80 million
customers.
“Viacom represents the best of the best, most-popular brands on
cable, so they are an amazing partner for us!” said John Legere,
CEO of T-Mobile. “TV programming has never been better, but
consumers are fed up with rising costs, hidden fees, lousy customer
service, non-stop BS. And Macgyvering together a bunch of
subscriptions, apps and dongles isn’t much better. That’s why
T-Mobile is on a mission to give consumers a better way to watch
what they want, when they want.”
“We are thrilled to join forces with T-Mobile on a new
entertainment service that represents an important evolution in how
audiences consume our content,” said Bob Bakish, Viacom President
and CEO. “Today’s landmark announcement marks a major step forward
in our strategy to accelerate the presence of our brands on mobile
and other next-generation platforms, and we’re so excited to
partner with T-Mobile to provide millions of subscribers with
access to our networks and more choice in a new service that will
be unlike any other in the market.”
Last year, T-Mobile acquired next generation cable TV disruptor
Layer3 TV, and with that team, talent and technology, the company
has been at work readying its first wave of home and mobile TV
offerings. In recent months, T-Mobile executives have shared some
of the company’s plans to launch first with an in-home TV solution,
designed to replace cable for the 5G era, and longer term,
executives say the company will introduce mobile TV services
beginning with Viacom as a cornerstone launch partner.
Forward-Looking
Statements
This news release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact, including
information concerning T-Mobile US, Inc.’s future results of
operations, are forward-looking statements. These forward-looking
statements are generally identified by the words “plan,”
“anticipate,” “expect,” “believe,” “intend,” “may,” “could,” or
similar expressions. Forward-looking statements are based on
current expectations and assumptions, which are subject to risks
and uncertainties and may cause actual results to differ materially
from the forward-looking statements. Important factors that could
affect future results and cause those results to differ materially
from those expressed in the forward-looking statements include,
among others, the following: the failure to obtain, or delays
in obtaining, required regulatory approvals for the merger
contemplated under the Business Combination Agreement with Sprint
Corporation (“Sprint”), and related transactions (collectively, the
“Transactions”) and the risk that such approvals may result in the
imposition of conditions that could adversely affect the combined
company or the expected benefits of the Transactions, or the
failure to satisfy any of the other conditions to the Transactions
on a timely basis or at all; the occurrence of events that may give
rise to a right of one or both of the parties to terminate the
Business Combination Agreement with Sprint; adverse effects on the
market price of our common stock or on our or Sprint’s operating
results because of a failure to complete the Transactions in the
anticipated timeframe or at all; inability to obtain the financing
contemplated to be obtained in connection with the Transactions on
the expected terms or timing or at all; the ability of us, Sprint
and the combined company to make payments on debt or to repay
existing or future indebtedness when due or to comply with the
covenants contained therein; adverse changes in the ratings of our
or Sprint’s debt securities or adverse conditions in the credit
markets; negative effects of the announcement, pendency
or consummation of the Transactions on the market price of our
common stock and on our or Sprint’s operating results, including as
a result of changes in key customer, supplier, employee or other
business relationships; significant costs related to the
Transactions, including financing costs, and unknown liabilities of
Sprint or that may arise; failure to realize the expected benefits
and synergies of the Transactions in the expected timeframes or at
all; costs or difficulties related to the integration of Sprint’s
network and operations into our network and operations; the risk of
litigation or regulatory actions related to the Transactions; the
inability of us, Sprint or the combined company to retain and hire
key personnel; the risk that certain contractual restrictions
contained in the Business Combination Agreement with Sprint during
the pendency of the Transactions could adversely affect our or
Sprint’s ability to pursue business opportunities or strategic
transactions; adverse economic or political conditions in the
U.S. and international markets; competition, industry
consolidation, and changes in the market for wireless services,
which could negatively affect our ability to attract and retain
customers; the effects of any future merger, investment, or
acquisition involving us, as well as the effects of mergers,
investments, or acquisitions in the technology, media and
telecommunications industry; challenges in implementing our
business strategies or funding our operations, including payment
for additional spectrum or network upgrades; the possibility that
we may be unable to renew our spectrum licenses on attractive terms
or acquire new spectrum licenses at reasonable costs and terms;
difficulties in managing growth in wireless data services,
including network quality; material changes in available technology
and the effects of such changes, including product substitutions
and deployment costs and performance; the timing, scope and
financial impact of our deployment of advanced network and business
technologies; the impact on our networks and business from major
technology equipment failures; breaches of our and/or our
third-party vendors’ networks, information technology and data
security, resulting in unauthorized access to customer confidential
information; natural disasters, terrorist attacks or similar
incidents; unfavorable outcomes of existing or future litigation;
any changes in the regulatory environments in which we operate,
including any increase in restrictions on the ability to operate
our networks and data privacy laws; any disruption or failure of
our third parties’ or key suppliers’ provisioning of products or
services; material adverse changes in labor matters, including
labor campaigns, negotiations or additional organizing activity,
and any resulting financial, operational and/or reputational
impact; changes in accounting assumptions that regulatory agencies,
including the Securities and Exchange Commission (“SEC”), may
require, which could result in an impact on earnings; changes in
tax laws, regulations and existing standards and the resolution of
disputes with any taxing jurisdictions; the possibility that the
reset process under our trademark license with Deutsche Telekom AG
results in changes to the royalty rates for our trademarks; the
possibility that we may be unable to adequately protect our
intellectual property rights or be accused of infringing the
intellectual property of others; our business, investor confidence
in our financial results and stock price may be adversely affected
if our internal controls are not effective; and interests of a
majority stockholder may differ from the interests of other
stockholders. You should not place undue reliance on these
forward-looking statements. We do not undertake to update
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
About Viacom
Viacom creates entertainment experiences that drive conversation
and culture around the world. Through television, film, digital
media, live events, merchandise and solutions, our brands connect
with diverse, young and young at heart audiences in more than 180
countries.
For more information on Viacom and its businesses, visit
www.viacom.com. Keep up with Viacom news by following us on Twitter
(twitter.com/viacom), Facebook (facebook.com/viacom) and LinkedIn
(linkedin.com/company/viacom).
About T-Mobile US, Inc.
As America’s Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is
redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced
nationwide 4G LTE network delivers outstanding wireless experiences
to 79.7 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US
provides services through its subsidiaries and operates its
flagship brands, T-Mobile and Metro by T-Mobile. For more
information, please visit http://www.t-mobile.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190403005456/en/
MediaKaren ShosfyKaren.Shosfy@viacom.comClint
Pattersonmediarelations@t-mobile.com
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