Cablevision Systems and AMC Networks announced today they have settled all litigation with Dish Network. Settlement includes a new long-term agreement for Dish to resume carriage of AMC Networks including AMC, IFC, Sundance Channel and WE TV. AMC will return today on Dish channel 131. The other networks will return November 1. That’s good news for Dish subscribers who missed watching The Walking Dead, Breaking Bad, Mad Men and other AMC shows because Dish had dropped the networks back in June. Dish had maintained publicly it was a carriage fee dispute, but Cablevision-AMC Networks said it really was because of a $2.4 billion breach of contract suit over the satcaster’s decision to drop the now-defunct VOOM Channels that were included as part of AMC Networks spinoff from Cablevision into a separate company.
Settlement terms also call for Dish to pay Cablevision $700 million in cash. As part of the settlement Dish will receive wireless multichannel video and data spectrum licenses that cover a population of 150 million in 45 markets including New York, Los Angeles, Chicago, San Francisco and Philadelphia.
As the trial proceded in New York Court last week, things looked increasingly bad for Dish as the judge repeatedly denounced the satcaster for its behavior following a string of embarrassing revelations that suggest it tried to hide evidence that it feared might hurt its case. On Thursday, a note was posted on the New York State Supreme Court website that said there was a “possible settlement” when the trial resumed tomorrow.
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