RealTime IT News

NBC Signs Deal With Seven

The Seven Network has extended its content relationship with fellow television channel producer NBC by signing a deal to share and co-develop Internet content.

The agreement will by carried out via the two companies' online subsidiaries, i7 and NBCi respectively.

i7 will gain access to content from NBC's existing sites, Snap and Xoom.com, and the two Internet divisions will work together on new content.

NBCi was floated last year on the NASDAQ exchange, leaving NBC with a 47 per cent stake. NBCi will take a stake in i7 as part of the deal in the event that Seven floats its subsidiary as well, although the amount and other financial details were not disclosed.

Although Seven does buy NBC TV programming, it is by no means an exclusive arrangement, as the top-ranked Nine Network shows some of NBC's top-rated shows.

The deal adds complexity to an already murky network of alliances. Nine's owner, Australian-based Publishing and Broadcasting Ltd, has a similar relationship with Microsoft through their collaboration on the ninemsn site. However, Microsoft also has an existing alliance with NBC to produce the MSNBC cable TV channel and Web site.