DISH Network and Voom Reach Settlement
ENGLEWOOD, CO -- (Marketwire) -- 10/21/12 -- DISH Network
Corporation (NASDAQ: DISH)
-- Terms call for DISH to pay $700 million in cash; DISH to receive
certain wireless spectrum licenses
-- DISH enters multi-year agreement to carry AMC, IFC, WE tv, Sundance
Channel and Fuse; AMC channel broadcast resumes Sunday, October 21
DISH Network Corporation (NASDAQ: DISH) announced today that its
subsidiary, DISH Network L.L.C., has settled all of its pending
litigation with Voom HD Holdings LLC.
Terms of the settlement call for DISH Network to pay $700 million in
cash. As part of the agreement, DISH will receive 500 MHz of wireless
multichannel video distribution and data service ("MVDDS") spectrum
licenses that cover a population of 150 million in 45 DMAs including
New York, Los Angeles, Chicago, San Francisco and Philadelphia.
As part of a separate, multi-year agreement, DISH will resume
broadcast of the AMC channel Sunday, October 21. The AMC channel will
be carried on DISH channel 131.
"We are glad to have settled the case and reestablished our long-term
relationships with AMC Networks and Cablevision," said Dave Shull,
senior vice president of Programming at DISH. "This multi-year deal
delivers a fair value for both parties and includes digital expansion
opportunities for AMC Networks' programming."
Other AMC Networks programming, including Sundance Channel, WE tv and
IFC, will return to DISH Nov. 1. The Madison Square Garden Company's
music-oriented Fuse channel will begin broadcast Nov. 1, as well.
DISH Network Corporation (NASDAQ: DISH), through its
subsidiary DISH Network L.L.C., provides approximately 14.061 million
satellite TV customers, as of June 30, 2012, with the highest quality
programming and technology with the most choices at the best value,
including HD Free for Life. Subscribers enjoy the largest high
definition line-up with more than 200 national HD channels, the most
international channels, and award-winning HD and DVR technology. DISH
Network Corporation's subsidiary, Blockbuster L.L.C., delivers family
entertainment to millions of customers around the world. DISH Network
Corporation is a Fortune 200 company. Visit www.dish.com.
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