Viacom sued Cablevision after the Optimum for iPad app launched and allowed cable customers to stream the entire channel lineup on their tablets. Finnaly this issue has been resolved. According to engadget Viacom’s case against Time Warner’s similar offering is on hold while they also try to work out a deal, but Cablevision’s stance from the start is that its approach fell within the existing agreements and they appear to have gotten their way. Checkout the press release bellow for more details bellow.
CABLEVISION AND VIACOM REACH AGREEMENT TO RESOLVE PENDING LITIGATION
Bethpage and New York, NY – August 10, 2011 – Cablevision Systems Corporation (NYSE: CVC) and Viacom Inc. (NYSE: VIA, VIA.B) today reached an agreement to resolve litigation filed in the Southern District of New York related to Cablevision’s Optimum Apps.
In connection with the agreement, the companies jointly issued the following statement:
“Viacom and Cablevision have agreed to resolve their pending litigation, and the Viacom programming will continue to appear on Cablevision’s Optimum Apps for iPad and other IP devices. In reaching the settlement agreement, Cablevision and Viacom were able to resolve the iPad matter and an unrelated business matter to their mutual satisfaction. Neither side is conceding its original legal position or will have further comment.”
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