YouTube and Fox reach the transaction to save the FOX content available on the streaming platform

YouTube and Fox announced On Friday, when companies reached a deal to save Fox News, Fox Sports and other FOX channels available on YouTube television, after talks on a new distribution agreement.

Previously, companies reached short -term extension to prevent interruption for TV YouTube subscribers.

“We are pleased to achieve a transaction that retains the value of our service for our subscribers,” YouTube said in a statement shared with CNBC. YouTube owned AlphabetAs well as Fox did not disclose the financial terms of the agreement.

YouTube had – Note On Monday, Fox requested payments “much higher than what partners with comparable content offers.”

This happens after Fox launch Fox One, Autonomous Streaming Service Last week, $ 19.99 per month or 199.99 annually.

As a result of the YouTube confrontation, it warned that Fox Broadcast, Fox News and Fox Sports from its platform could remove the Fox Broadcast on Wednesday.

This could see how the TV TV TV YouTube subscribers missed a long -awaited football match in college between top rating Texas against the current national champion and third state Ohio on Sunday and possibly the start of the National Football League season at the beginning of the next month.

On Friday, Brandan Carr, chairman of the Federal Communications Commission, said he was happy that both companies reached the deal.

“This is a great news for football fans and avoids shutdown. Enjoy the games this weekend!” he said in pillar On X.

YouTube TV pays broadcasters such as FOX to transfer its channels and has approximately 9.4 million subscribers.

In addition to American football, Fox conducts Bestball Games Major League, as well as the world series, which is scheduled to start in late October.

Basic Plan for YouTube TV costs $ 82.99 per month and includes more than 100 live channels.

YouTube-leading media distributor in America in terms of interaction with the audience, recording more than 13% of the TV in July, According to Nielsen.

– Jennifer Elias CNBC contributed to this report