Dish Community settles Voom HD lawsuit, AMC comes again on the air tonight
Dish Community clients have been with out AMC and its household of channels since July 1st, however because of a settlement between the satellite tv for pc firm and Cablevision’s former Voom HD unit, AMC shall be again on the air beginning tonight. The potential for a settlement leaked out late final week by way of a courtroom submitting, and it seems to be like Dish CEO Charlie Ergen will keep away from taking the stand Monday in any case. In line with the phrases, Dish will hand over $seven hundred million in money plus its 20 % stake in Voom, and obtain 500MHz of video and knowledge spectrum licenses in forty five areas. In a separate deal, Dish and Cablevision spinoff AMC Networks have a brand new multiyear deal that ought to deliver again AMC (on channel 131) in time for The Strolling Lifeless to air tonight, and all of its different channels (IFC, WE television, Sundance and for the primary time, Fuse) beginning November 1st. Whereas Dish had beforehand claimed the channel deal was being held up by AMC’s distribution of its exhibits by way of iTunes, Netflix and Amazon, now that lawsuit is over these considerations appear to have pale away.
DISH Community and Voom Attain Settlement ENGLEWOOD, CO–(Marketwire – Oct 21, 2012) – DISH Community Company (NASDAQ: DISH)
Phrases name for DISH to pay $seven hundred million in money; DISH to obtain sure wi-fi spectrum licenses DISH enters multi-yr settlement to hold AMC, IFC, WE television, Sundance Channel and Fuse; AMC channel broadcast resumes Sunday, October 21 DISH Community Company (NASDAQ: DISH) introduced as we speak that its subsidiary, DISH Community L.L.C., has settled all of its pending litigation with Voom HD Holdings LLC.
Phrases of the settlement name for DISH Community to pay $seven hundred million in money. As a part of the settlement, DISH will obtain 500 MHz of wi-fi multichannel video distribution and knowledge service (“MVDDS”) spectrum licenses that cowl a inhabitants of one hundred fifty million in forty five DMAs together with New York, Los Angeles, Chicago, San Francisco and Philadelphia.
As a part of a separate, multi-yr settlement, DISH will resume broadcast of the AMC channel Sunday, October 21. The AMC channel will probably be carried on DISH channel 131.
“We’re glad to have settled the case and reestablished our lengthy-time period relationships with AMC Networks and Cablevision,” stated Dave Shull, senior vice chairman of Programming at DISH. “This multi-yr deal delivers a good worth for each events and consists of digital enlargement alternatives for AMC Networks’ programming.”
Different AMC Networks programming, together with Sundance Channel, WE television and IFC, will return to DISH Nov. 1. The Madison Sq. Backyard Firm’s music-oriented Fuse channel will start broadcast Nov. 1, as properly.
Cablevision and AMC Networks Announce Settlement in VOOM HD Litigation With DISH Community
BETHPAGE, N.Y., October 21, 2012 – Cablevision Techniques Company (NYSE: CVC) and AMC Networks (NASDAQ: AMCX) immediately introduced that they’ve settled their litigation with DISH Community LLC (NASDAQ: DISH) associated to VOOM HD Holdings LLC. The lawsuit, VOOM HD Holdings LLC v. EchoStar Satellite tv for pc LLC, was filed within the Supreme Courtroom of the State of New York, County of New York.
The settlement agreements embrace the next elements:
DISH Community pays a money settlement of $seven hundred million to Cablevision and AMC Networks, $eighty million of which is in consideration for the acquisition of Cablevision’s multichannel video and knowledge distribution service (MVDDS) licenses in forty five metropolitan areas within the U.S.;
DISH Community enters into an extended-time period distribution settlement with AMC Networks to hold AMC, IFC, Sundance Channel and WE television, and with The Madison Sq. Backyard Firm to hold Fuse on its satellite tv for pc service; and DISH additionally conveys its 20-% membership curiosity in VOOM HD to Rainbow Programming Holdings LLC, such that all the money settlement stays with Cablevision and AMC Networks.
Promptly after cost of the money settlement is acquired, the events will file a joint stipulation to dismiss the lawsuit with prejudice. The allocation of the settlement proceeds between Cablevision and AMC Networks can be decided pursuant to the prevailing settlement referring to this litigation between the 2 corporations.
Stated Josh Sapan, President and CEO, AMC Networks: “We’re glad to associate once more with DISH Community and are delighted to deliver again our common channels and programming to their clients.”