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Cablevision Receives Bulk Of The Cash From VOOM Case Settlement
The cable operator will pocket $525M and AMC Networks will end up with $175M the companies said today in an SEC filing. This was the last big question remaining after Dish Network agreed in October to pay $700M to settle the breach of contract suit that Cablevision and AMC filed. They asked the courts to determine…
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Does The VOOM Trial Settlement Show That Dish Network Was Shrewd To Drop AMC?
Sure looks that way — for the company, not Dish Network subscribers. AMC Networks shares are +3.9% in early trading following yesterday’s $700M agreement with Dish Network to settle the $2.4B breach of contract case involving the defunct VOOM suite of HD channels. But the surprise is that Dish is up 2.2%. Consider…
AMC Channels To Return To Dish As Lawsuit Settled; Satcaster To Pay $700M
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…
Deadline Big Media With David Lieberman, Episode 6
Listen to Episode 6 of our weekly podcast Deadline Big Media With David Lieberman. This week, Lieberman and host David Bloom discuss whether the big entertainment companies, with their reliance on ever-increasing cable-TV fees, are driving off a fiscal cliff; what happened to Google in its awful quarterly earnings…
AMC Networks-Dish Trial Shut Down Until Monday
New York Supreme Court Judge Richard Lowe III abruptly dismissed the jury for the day, telling both sides in the case that they need to focus on the legal issues that have sidetracked the trial pitting AMC Networks against Dish Network in a breach of contract dispute relating to AMC’s now-shuttered VOOM HD channels…
Newly Discovered Emails Boost AMC Networks Over Dish Network In VOOM Case
The emails were discovered over the weekend and disclosed in court today — and they’re “hurting [Dish Network] in a big way,” according to an account from George Reed-Dellinger of advisory firm Washington Analysis. Susquehanna Financial Group’s Thomas Claps, who’s also monitoring the case, calls it “the most damaging…
Deadline Big Media With David Lieberman, Episode 5
Listen to Episode 5 of our weekly podcast Deadline Big Media With David Lieberman. This week, Lieberman and host David Bloom discuss Wall Street’s growing worries over weak initial ratings for the fall TV season and what that means for the media companies that own the Big 4 broadcast networks; the boom in Internet…
Dish Network Faces Setbacks In VOOM Trial
New York Supreme Court Judge Richard Lowe III continues to hammer Dish Network as it prepares to mount a defense in AMC Networks’ $2.5B breach of contract suit involving the now-defunct VOOM HD networks. The judge said today that Dish must allow investigators to examine internal information, according to an account of…
Turn Over Documents Or Else, Judge In VOOM Case Warns Dish Network
New York Supreme Court Judge Richard Lowe III was visibly angry with Dish Network today, thumping his desk as he accused the company of disrespecting the court, according to an account of the VOOM case proceedings from Andrew Harms of advisory firm Washington Analysis. “I don’t care how much money you got,” Lowe’s…
Is Dish Network Trying To Short-Circuit The AMC Networks-VOOM Trial?
That’s what New York Supreme Court Judge Richard Lowe III and AMC Networks charged in court today according to Susquehanna Financial Group’s Thomas Claps. The judge became “extremely animated” and accused Dish of “blatant misconduct and attempts to delay” AMC’s $2.5B breach of contract suit, Claps reports. It seems…
AMC Networks CEO Tells Court He Didn’t Hide VOOM Budget From Dish Network
AMC chief Josh Sapan was under the gun today as Day 3 of the VOOM trial focused on a key question: Did AMC and its former parent, Cablevision, hide from Dish a budget that would have clearly given the satellite company the right to end its 15-year agreement to carry the now-defunct VOOM suite of HD channels? AMC’s…
AMC Networks Charges Dish Network With “Bad Faith” In Day 1 Of VOOM Trial
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…
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