Viacom Inc. has reached a wide-ranging mobile streaming deal across Latin America with Spanish telecommunications company Telefonica. Under the terms of the deal Viacom's MTV, Nickelodeon, Nick Jr., Comedy Central and Paramount Channel will be available for mobile and broadband subscribers of the Moviestar Play platform in Latin America. "Mobile streaming is growing in popularity across Latin America -- to stay in touch with our young audiences we need our brands and content to be everywhere they are," said Rita Herring, head of content distribution for Viacom's international media networks, in a statement. The media company said in a release that this deal is a global first for Viacom. It's the first time Viacom has struck such a deal with a mobile carrier to carry all of its flagship networks as well as streaming and video-on-demand content. Shares of Viacom's commonly owned class B stock have declined more than 22% in the last 12 months, while the S&P 500 index SPX, -0.87% is up 20% and the Dow Jones Industrial Average DJIA, -1.07% is up more than 27%.
