The company states: “Over the last two weeks, Optimum hosted MSG Networks’ executives in its offices twice and hosted multiple calls trying to find a solution that would bring MSG Networks’ content to fans and prevent non-viewers from having to pay for what they do not watch. MSG Networks has refused all offers. Perhaps MSG Networks is purposely trying to tank the deal to get customers to pay three times more for their own app AND save the Sphere by bankrupting MSG Networks? As MSG Networks continues to deflect responsibility for its ongoing blackout of Knicks, Rangers, Islanders, and Devils games, today, Optimum has called on the programmer to refund customers upwards of $125 million – representing the estimated $10 per month per subscriber MSG Networks announced its sports programming is worth.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATUS:
- MSG Networks issues statement regarding dispute with Altice USA
- Altice USA Drops 63 Nexstar television stations from Optimum platform
- Appeals court blocks Biden administration’s net neutrality rules, Reuters says
- Tesla reports below-consensus deliveries: Morning Buzz
- Optimum says carriage agreement with MSG ended at midnight