Updated March 2, 2022

Shearman & Sterling is advising ViacomCBS on the launch of a new subscription video on demand (SVOD) streaming service, SkyShowtime, in partnership with Comcast.

The partnership will be structured as a 50:50 joint venture, with equal investment and joint control by ViacomCBS and Comcast. Once launched later this year, SkyShowtime is expected to be made available in more than 20 European territories across 90 million homes with entertainment, movies, and original series from the NBCUniversal, Sky and ViacomCBS portfolio of brands, including titles from SHOWTIME, Nickelodeon, Paramount Pictures, Paramount+ Originals, Sky Studios, Universal Pictures, and Peacock.

The Team