DISH Notifies NBCUniversal of Intent to Arbitrate; Networks to Remain Available to Customers
Notice triggers mandatory 10-day ‘cooling off period' under
Comcast-NBCUniversal merger conditions
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
Today, DISH notified NBCUniversal and the Federal Communications
Commission of its intent to request arbitration to determine the terms
and conditions of a renewed distribution agreement with NBCUniversal.
This notice triggers a mandatory 10-day ‘cooling off period' during
which DISH and NBCUniversal can continue negotiating and affected
programming is required to remain available to DISH customers.
DISH issued the following statement regarding continued negotiations
"DISH is committed to reaching a new distribution agreement with
NBCUniversal and to not disrupt customers in the process. This 10-day
cooling off period is an opportunity for continued negotiations while
guaranteeing that NBCU cannot black out its networks to DISH customers.
"If, at the end of the cooling off period, we have not reached an
agreement with NBCU, we will have up to five days to formally request
arbitration. In the event of arbitration, affected programming would
remain available during that process, and for the foreseeable future.
"We remain hopeful that we can reach a mutually beneficial agreement
that benefits all parties, including our viewers."
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.
DISH's previous statement regarding current distribution renewal
negotiations with NBCUniversal is available here: http://about.dish.com/press-release/programming/dish-sues-nbc-breach-contract-expects-file-arbitration
View source version on businesswire.com: http://www.businesswire.com/news/home/20160318006020/en/
John Hall, 303-723-1968
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