DISH Sues NBC for Breach of Contract, Expects to File for Arbitration
Comcast-NBCUniversal merger conditions created binding arbitration
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
DISH issued the following statement regarding current distribution
renewal negotiations with NBCUniversal.
"NBC's public statements against DISH over the past 24 hours are in
violation of the contract between the two companies. Today, DISH filed a
breach of contract lawsuit against NBC to address those violations.
"DISH has successfully negotiated agreements representing numerous
networks in recent months that benefit all parties, including our
viewers. DISH's goal is to reach a mutually beneficial deal with NBC.
"However, based on NBCU's actions to date, DISH currently expects to
file for arbitration, which would prevent NBC from blacking out DISH
"Under the conditions imposed by the FCC and Department of Justice in
approving the Comcast-NBCUniversal merger, NBC is forbidden from
blacking out its networks if a pay-TV provider chooses, in its sole
discretion, to exercise its right for binding arbitration. Regulators
implemented these conditions to prevent Comcast and NBC from harming
consumers and competition.
"In the event of arbitration, affected programming would remain
available during that process, and for the foreseeable future."
DISH Network Corp. (NASDAQ:DISH), through its subsidiaries, provides
approximately 13.897 million pay-TV subscribers, as of Dec. 31, 2015,
with the highest-quality programming and technology with the most
choices at the best value. DISH offers a 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 is a
Fortune 250 company. Visit www.dish.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160315006651/en/
John Hall, 303-723-1968
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