Well, that was anticlimactic. Viacom quickly sued Cablevision after the Optimum for iPad (now on iPhone and iPod Touch ) app launched and allowed cable customers to stream the total channel lineup on their tablets, but now they’ve resolved that and “an unrelated business matter”. Viacom’s case against Time Warner’s similar offering is on hold while in addition they workout a deal, but Cablevision’s stance from the beginning is that its approach fell in the existing agreements they usually seem to have gotten their way. Kind of like most other channel carriage disputes, it was likely a deal at the supposedly unrelated issue that got things moving, but so long as we will be able to keep watching Teen Mom in the kitchen, bathroom or out at the patio it doesn’t really count. Check the official statement from both companies after the break.
Bethpage and Long island, NY – August 10, 2011 – Cablevision Systems Corporation (NYSE: CVC) and Viacom Inc. (NYSE: VIA, VIA.B) today reached an agreement to solve litigation filed within the Southern District of latest York concerning Cablevision’s Optimum Apps.
In reference to the agreement, the businesses jointly issued right here statement:
“Viacom and Cablevision have agreed to solve their pending litigation, and the Viacom programming will continue to look on Cablevision’s Optimum Apps for iPad and other IP devices. In reaching the settlement agreement, Cablevision and Viacom were in a position to resolve the iPad matter and an unrelated business matter to their mutual satisfaction. Neither side is conceding its original legal position or can have further comment.”
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