Cablevision/AMC ends EchoStar litigation
The litigation between Cablevision/VOOM and EchoStar/Dish has been settled out of court. EchoStar will pay $700 million in cash to Cablevision, and in addition will re-start transmissions of the AMC channels onto the Dish Network DTH system. This means AMC, IFC, Sundance and WEtv channels get reinstated as part of the “multi-year agreement”, effective October 21st.
Additionally, Dish has agreed to convey its 20 per cent interest in VOOM HD back to Rainbow (part of the Cablevision family of companies).
The agreement sees an end to the increasingly bitter litigation between the two parties, and where Cablevision was arguing for $2.4 billion in compensation, and the court case was looking increasingly challenging for EchoStar.