The wide-ranging deal, anchored in both content production and advertising sales, will bring two high-profile channels to Snapchat Discover - a Comedy Central International channel and an MTV Channel in the United States, which will complement the already successful Comedy Central and MTV International Discover channels.
The agreement also grants Viacom the right to sell Snapchat’s US owned and operated advertising inventory, allowing Viacom to offer even more value to television advertisers who want to add Snapchat’s wildly popular premium video platform to the media mix. In addition, Viacom also has agreed to provide Snapchat with expanded access so Snapchat can produce Live Stories covering more of Viacom's tent pole events.
“Viacom and Snapchat naturally complement each other in significant ways that make us ideal partners in both content and business development,” says Wade Davis, CFO, Viacom. “Snapchat captures young audiences on an intimate and immersive mobile video platform while Viacom is the leader in premium long- and short-form storytelling for these same audiences. Add in Viacom’s custom marketing solutions and commitment to evolve our global mobile strategy and you’ve got a partnership that is great for both companies, for advertisers, and is a real evolution of the marketplace.”