Viacom (VIA, VIAB) and Sony Corp. (SNE) announced a landmark agreement for Sony's forthcoming cloud-based TV service to carry 22 Viacom networks at launch. The deal marks Viacom's first-ever agreement to provide its networks for an Internet-based live TV and video on demand service.
The partnership unites Sony's network and more than 75 million Internet-enabled Sony devices in U.S. living rooms with Viacom's content portfolio.
Sony's cloud-based TV service will offer subscribers Internet-based live TV and video on demand from major programmers.
Additional terms of the agreement were not disclosed.
Viacom said that Sony will announce more details about its new cloud-based TV service in the near future.
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