Not only do they finally have a jury, lawyers presented opening arguments today in AMC Networks’ $2.5B breech of contract suit against Dish Network. And lawyers representing AMC seemed to draw blood by “repeatedly highlighting Dish’s systematic, bad faith, year-long destruction of evidence during the critical stages of this dispute,” says Susquehanna Financial Group’s Thomas Claps, who’s tracking the proceedings. He says that this “will be impactful in determining the outcome of the case.” The trial will determine whether Dish had the right in 2008 to terminate its 15-year deal to air the VOOM Networks suite of HD channels. The defunct channels, formerly owned by Cablevision, were packaged with AMC when the cable company spun off the network operation this year. Dish’s contract with VOOM required backers to spend at least $100M a year on the channel. The big question is whether spending devoted to overhead and for overseas activities should count. AMC says it should; Dish says it shouldn’t — which would mean VOOM fell short of the $100M threshold. On Monday jurors likely will hear Cablevision founder Chuck Dolan’s side of the story.
AMC Networks Charges Dish Network With “Bad Faith” In Day 1 Of VOOM Trial
What's Hot on Deadline
No Obama Bounce For DNC Day 3 Ratings As They Fall Behind RNC, 'Wayward Pines' Finale Down From 2015
Bill Maher On Hillary Clinton Nomination: "First, Lady Ghostbusters And Now This; America's On A Roll!"
Latest Business News
- Sony Pictures Division Hit By Losses In Quarterly Earnings
- Disney’s Maker Studios Layoffs Underway As Part Of “Strategic Adjustments”
- Lionsgate’s Jon Feltheimer Made $10.9M In Fiscal 2016, Up 61.5%
- “New” Michael Crichton Novel ‘Dragon Teeth’ Coming Out Next Year
- CBS Chief Won’t Talk About Viacom, But Calls His Company “Complete”
- Starz Reports Lower Q2 Earnings But Touts Lionsgate Deal And ‘Force Awakens’ Bow