The Cold War Ends: AMC and Dish Reach Settlement

For Dish subscribers, it’s been a rather annoying few months. Because of their cable company’s war with AMC, they’ve been without access to Breaking Bad, The Walking Dead and the rest of AMC’s fine programming.

After all this time, it’s still easy to play the blame game. Was Dish being cheap not wanting to shell out to keep AMC on their lineup? Or was AMC being greedy demanding too much to air their programming? Either way, consumers lost.

Now, however, at long last an agreement has been reached with the two parties, to the sum of $700 million. It’s a multi-year agreement that ensures this drama won’t happen again for a long while, and by the time it does? TV just may be obsolete all together.

Read the full press briefing below from AMC:

 “Cablevision Systems Corporation (NYSE: CVC) and AMC Networks (NASDAQ: AMCX) today announced that they have settled their litigation with DISH Network LLC (NASDAQ: DISH) related to VOOM HD Holdings LLC. The lawsuit, VOOM HD Holdings LLC v. EchoStar Satellite LLC, was filed in the Supreme Court of the State of New York, County of New York.

The settlement agreements include the following components:

DISH Network pays a cash settlement of $700 million to Cablevision and AMC Networks, $80 million of which is in consideration for the purchase of Cablevision’s multichannel video and data distribution service (MVDDS) licenses in 45 metropolitan areas in the U.S.;

DISH Network enters into a long-term distribution agreement with AMC Networks to carry AMC, IFC, Sundance Channel and WE tv, and with The Madison Square Garden Company to carry Fuse on its satellite service; and

DISH also conveys its 20-percent membership interest in VOOM HD to Rainbow Programming Holdings LLC, such that all of the cash settlement remains with Cablevision and AMC Networks.

Promptly after payment of the cash settlement is received, the parties will file a joint stipulation to dismiss the lawsuit with prejudice. The allocation of the settlement proceeds between Cablevision and AMC Networks will be determined pursuant to the existing agreement relating to this litigation between the two companies.

Said Josh Sapan, President and CEO, AMC Networks: “We are glad to partner again with DISH Network and are delighted to bring back our popular channels and programming to their customers.”

 

Leave a Reply

Gary Marshall
Goodbye Gary Marshall: The Hollywood Star Is Dead At 81
Republican National Convention
The RNC Will Kill It in TV Ratings (But Will It Matter?)
The Big Bang Theory
Television Predictability: The “I knew it” Moments on the Small Screen
Designated Survivor
Fall Pilot Preview: ABC’s Designated Survivor
X-Men-Marvel-Fox-768x576
Rose McGowan Rips 20 Century Fox for X-Men: Apocalypse Billboard
Almost Paris Still/ Women Directors not at Cannes
Vive la Difference? Not in Hollywood. Case in Point: Almost Paris
Arrow
Amell Cousins Film Funding Campaign Closing in on $1.5M
denzel
Famous Celebrities Back in the Day
Harley Quinn
‘Batman and Harley Quinn,’ ‘Teen Titans,’ ‘Justice League Dark’ Movies Announced
Batman: The Killing Joke
‘Batman: The Killing Joke’ Film Review
3
Ghostbusters: Unnecessary, But Welcome
Free State of Jones Movie Still
Why Everyone Should Go See the Movie “Free State of Jones”
Galactic Empire
Why Star Wars Fans Should Be Paying Attention to Galactic Empire
bruce-springsteen-chris-polk-getty-946
Bruce Springsteen Opens with Prince’s “Purple Rain” At Barclay’s Center
spike-jonze-portra_2808683b
10 Awesome Music Videos Directed by the Incomparable Spike Jonze
rolling-stones-concert
The 10 Greatest Rolling Stones Concerts of All-Time
150415194757-2015-playoff-graphic-2-041515.1200x672
The Top Five Moments in NBA Playoffs History
2themastes
Your Official Guide to Watching the Masters Tournament on TV
Austin X Games
X Games Austin 2016 Has an Amazing Sports and Music Lineup
nascar_daytona_nationwide_auto_racing_15301727
Seven Incredibly Dangerous Car Accidents in NASCAR History

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.