Cablevision Receives Bulk Of The Cash From VOOM Case Settlement

By | Monday April 8, 2013 @ 2:36pm PDT

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 Read More »

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Does The VOOM Trial Settlement Show That Dish Network Was Shrewd To Drop AMC?

By | Monday October 22, 2012 @ 7:07am PDT

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 that a sigh of relief from shareholders who feared the worst from the lousy hand chairman Charlie Ergen had to play in court. A series of rulings by New York Supreme Court Judge Richard Lowe III found that Dish destroyed or covered up important evidence that probably would have hurt its case — and made Dish a likely loser against the charge that in 2008 it wrongly terminated its 15-year deal deal to carry VOOM. Yet Ergen’s decision in June to drop the AMC channels appears to have paid off. The $700M settlement was “well below Street expectations” of at least $1B says Wells Fargo Securities’ Marci Ryvicker. Barclays Equity Research’s James Ratcliffe calls the amount “quite reasonable” in light of the court setbacks. Read More »

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AMC Channels To Return To Dish As Lawsuit Settled; Satcaster To Pay $700M

By | Sunday October 21, 2012 @ 12:26pm PDT

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 … Read More »

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Deadline Big Media With David Lieberman, Episode 6

By | Saturday October 20, 2012 @ 12:30pm PDT

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 report; what to expect from the rest of earnings season; and whether a possible settlement of the $2.5 billion VOOM lawsuit will finally bring AMC Networks TV shows back to the Dish Network.

Deadline Big Media Episode 6 (MP3 format)
Deadline Big Media Episode 6 (M4A format)
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AMC Networks-Dish Trial Shut Down Until Monday

By | Wednesday October 17, 2012 @ 10:30am PDT

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 … Read More »

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Newly Discovered Emails Boost AMC Networks Over Dish Network In VOOM Case

By | Monday October 15, 2012 @ 12:06pm PDT

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 evidence to date” against Dish in AMC‘s $2.5B breach of contract suit involving the satellite company’s 2008 decision to drop the now-defunct VOOM HD channels. It’s so important that Claps says Dish “may re-think its strategy” to have Chairman Charlie Ergen testify — and might be more motivated to negotiate a settlement with AMC that would return its channels to the No. 2 satellite provider before the end of the month when the jury is expected to reach its verdict. Dish dropped AMC in June. Read More »

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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 advertising through the first half of the year, and which companies are benefitting most; and, finally in a courtroom, the $2.5 billion lawsuit by AMC Networks against Dish Network over closure of Voom Networks. Meanwhile, Lieberman discusses whether Dish-using fans of The Walking Dead are likely to be mollified by free scary movies as their beloved show debuts during Dish’s continuing blackout of AMC channels.

Deadline Big Media Episode 5 (MP3 format)
Deadline Big Media Episode 5 (M4A format)
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Dish Network Faces Setbacks In VOOM Trial

By | Friday October 12, 2012 @ 1:50pm PDT

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 the proceedings from Susquehanna Financial Group’s Thomas Claps. Dish “has no credibility” with the court, Lowe said following rulings in which he charged that the satellite distributor destroyed evidence and tried to delay the current case long enough to create a mistrial. Read More »

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Turn Over Documents Or Else, Judge In VOOM Case Warns Dish Network

By | Thursday October 11, 2012 @ 4:39pm PDT

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 quoted as saying to Dish lawyers after the company failed to comply with his order to turn over documents that he said were not privileged. If Dish doesn’t give him electronic copies of the material, he said, then he might rule in favor of AMC Networks in its $2.5B breach of contract suit before Dish even presents its case — leaving it to the jury to just decide on the size of the damages. Read More »

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Is Dish Network Trying To Short-Circuit The AMC Networks-VOOM Trial?

By | Tuesday October 9, 2012 @ 12:15pm PDT

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 that Dish yesterday appealed Lowe’s ruling requiring the satellite company to turn over documents that it considered privileged — but didn’t give the Appellate Division a copy of the documents, preventing it from reaching a quick decision. Claps says that Lowe characterized that as “further evidence of Dish’s ongoing, inappropriate conduct in this case” and accused the company of “attempting to ‘spin its wheels’ and delay the proceedings so that the current trial schedule could be jeopardized — and possibly result in a mistrial.” (Earlier the judge found that Dish inappropriately wiped out emails that might have supported AMC’s case.) Read More »

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AMC Networks CEO Tells Court He Didn’t Hide VOOM Budget From Dish Network

By | Tuesday October 2, 2012 @ 4:13pm PDT

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 … Read More »

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AMC Networks Charges Dish Network With “Bad Faith” In Day 1 Of VOOM Trial

By | Friday September 28, 2012 @ 2:54pm PDT

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 … Read More »

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Yet Another Delay In AMC Networks Vs Dish Network Trial

By | Tuesday September 25, 2012 @ 12:26pm PDT

There’s still no jury for AMC Networks’ $2.5B breach of contract suit against Dish Network — and the New York State Supreme Court won’t reconvene until Thursday. The jury was supposed to have been picked Read More »

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Dish-AMC Trial Delayed To Monday As Judge Urges Companies To Talk

By | Thursday September 20, 2012 @ 9:11am PDT

It seems there were only 16 prospective jurors available today, not enough to begin the selection process, Susquehanna Financial Group’s Thomas Claps reports. So New York Supreme Court Judge Richard Lowe III apologized, and put AMC Networks‘ … Read More »

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Dish Network Suffers Setback In Court And Appears To Weigh Deal With AMC Networks

By | Wednesday September 19, 2012 @ 2:41pm PDT

It looked today like the companies were talking about a deal that might resolve AMC Networks’ $2.5B breach of contract suit against Dish Network — and possibly return AMC‘s channels to the No. 2 satellite company … Read More »

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Dish Network And AMC Networks Refuse To Blink As Voom Dispute Heads To Court

By | Tuesday September 18, 2012 @ 3:57pm PDT

Get ready to pony up if you bet that there’d be a settlement before AMC Networks’ $2.5B breech of contract suit against Dish Network goes to trial. Lawyers are scheduled to pick jurors tomorrow in a case that AMC says motivated Dish to drop the company’s channels in June. (Dish says AMC’s channels cost too much.) Beginning Thursday jurors will see a parade of media big shots explain whether Dish had a right in 2008 to terminate its 15-year deal to air the Voom Networks suite of HD channels. They were launched by Cablevision, but the Voom business entity was included with AMC last year when the cable company spun off its former networks unit. Cablevision founder Chuck Dolan is due up on Thursday followed by AMC chief Josh Sapan and, on Monday, Cablevision CEO Jim Dolan. Dish Chairman Charlie Ergen is expected to testify around October 3 when the defense presents its case. Read More »

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