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DIRECTV And Viacom Reach Agreement To Renew Carriage of Viacom’s Networks ASAP

DIRECTV And Viacom Reach Agreement To Renew Carriage of Viacom’s Networks ASAP

Well… since we mentioned the initial dispute (a post that’s received almost 500 comments and still counting), it only makes sense that we mention that the conflict has been resolved, and all of you who missed your 26 Viacom Networks (Nickelodeon, Comedy Central, MTV, BET, CMT, Logo, Spike, TV Land, MTV2, VH1, VH1 Classic, Centric, and the rest), you can rest easy now, because they will all be back on your TV set today.

Here’s the official statement from Viacom:

PRESS RELEASE

DIRECTV and Viacom Reach Agreement to Renew Carriage of Viacom’s Networks

All 26 Viacom Networks, Including Nickelodeon, Comedy Central, MTV, BET, CMT, Logo, Spike, TV Land, MTV2, VH1, VH1 Classic, Palladia, Nick Jr., Nicktoons, TeenNick, Tr3s and Centric, to Return to DIRECTV Immediately

New York, NY – July 20, 2012 —Viacom (NASDAQ: VIA, VIAB) today announced that the company has reached a long-term agreement to renew carriage with DIRECTV.

All 26 Viacom networks, including Nickelodeon, Comedy Central, MTV, BET, CMT, Logo, Spike, TV Land, MTV2, VH1, VH1 Classic, Palladia, Nick Jr., Nicktoons, TeenNick, Tr3s and Centric, will return to DIRECTV’s channel lineup immediately. As part of the overall carriage agreement, DIRECTV has an option to add the EPIX service to its entertainment offerings.

Viacom is extremely pleased to bring its programming back to DIRECTV subscribers, and thanks everyone affected by the disruption for their patience and understanding during this challenging period.

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Comments

Amari

So the question becomes, did greedy ass Viacom get the money they wanted or did DirectTV's posturing make them realize they were not going to set a possibly precedent which would not only affect their subscribers, but other cable companies as well.

After all, if Viacom can bully them, take down their online videos and continually sue Youtube for infringement, imagine if DirectTV failed? That would lead them to recouping their so called lost revenues that come from pirating by going after Cable companies and making their package more expensive, which naturally only we would bear.

Well, until more people figured out how to watch things online.

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