In this articleFOXAGOOGL your favorite stocksCREATE FREE ACCOUNTNurphoto | Nurphoto | Getty ImagesGoogle-owned YouTube on Monday said it may remove channels including Fox Broadcast Network, Fox News and Fox Sports from its TV ing platform if it doesn't reach an agreement with Fox Corporation.YouTube TV's renewal date with Fox is coming on Wednesday, and while the two companies have been in negotiations, they've been unable to reach a deal, the YouTube team wrote in a blog post.
The company also ed YouTube TV rs the potential fall out with Fox."Fox is asking for payments that are far higher than what partners with comparable content offerings receive," YouTube wrote in the blog.
"Our priority is to reach a deal that reflects the value of their content and is fair for both sides without passing on additional costs to our rs."If YouTube is unable to reach a new agreement by 5 p.m.
Eastern on Wednesday, the Fox channels will become unable on YouTube TV, the Google company said.
YouTube pays broadcasters Fox to carry their channels, and a blackout could have implications on advertisers and millions of viewers who cut their cords to Fox's various channels on YouTube TV."While Fox remains committed to reaching a fair agreement with Google's YouTube TV, we are disappointed that Google continually exploits its outsized influence by posing terms that are out of step with the marketplace," the media company said in a statement.The Fox standoff represents the contract dispute between content companies and dery networks as viewers increasingly ditch cable.
In February, Paramount Global notified YouTube TV rs that more than 20 channels including CBS, BET, Comedy Central, MTV and Nickelodeon could go dark on the service if the two didn't reach a deal.
Shortly after, YouTube TV and Paramount announced a multi-year distribution deal.YouTube TV's base plan costs $82.99 per month and includes over 100 channels and unlimited cloud DVR.
YouTube said a key part of its commitment to users is its partnership with content viders Fox, "which allows us to carry a wide variety of channels."If Fox does go offline for an ext period of time, YouTube will give its members a $10 credit, the Google company wrote.
Users will also be able to watch Fox content by signing up for Fox One, Fox's ing service, the blog said.YouTube recently overtook Netflix, which has a market cap of $515 billion, as the top ing platform in terms of audience engagement.
Google does not vide official r numbers for YouTube TV, but in its February 2024 letter, YouTube CEO Neal Mohan announced that the service had more than 8 million rs.
MoffettNathanson principal analyst Michael Nathanson has estimated that YouTube TV has apximately 9.4 million paying rs.WATCH: Apple and Google's multibillion dollar pact at riskwatch now2:1802:18Apple and Google's multibillion dollar pact at riskSquawk Box Asia