MSG NETWORKS OFFERS BINDING ARBITRATION BY NEUTRAL THIRD PARTY TO RESOLVE ISSUE WITH ALTICE
MSG Networks has proposed a solution to its ongoing dispute with Altice USA by offering binding arbitration through a neutral third party. The company aims to prevent Optimum subscribers from missing more Knicks, Rangers, Devils, and Islanders games. MSG Networks has suggested a short-term extension of their current agreement while the arbitration process takes place, which would allow viewers to continue watching sports programming during the dispute resolution.
MSG Networks ha proposto una soluzione alla sua disputa in corso con Altice USA offrendo un arbitrato vincolante tramite una terza parte neutrale. L'azienda punta a evitare che gli abbonati di Optimum perdano altre partite dei Knicks, Rangers, Devils e Islanders. MSG Networks ha suggerito un'estensione a breve termine del loro accordo attuale mentre si svolge il processo di arbitrato, il che consentirebbe agli spettatori di continuare a guardare i programmi sportivi durante la risoluzione della disputa.
MSG Networks ha propuesto una solución a su disputa en curso con Altice USA ofreciendo un arbitraje vinculante a través de un tercero neutro. La compañía busca evitar que los suscriptores de Optimum se pierdan más juegos de los Knicks, Rangers, Devils y Islanders. MSG Networks ha sugerido una extensión a corto plazo de su acuerdo actual mientras se lleva a cabo el proceso de arbitraje, lo que permitiría a los espectadores seguir viendo la programación deportiva durante la resolución de la disputa.
MSG 네트웍스는 Altice USA와의 지속적인 분쟁 해결을 위해 중립적인 제3자를 통해 구속력 있는 중재를 제공하는 솔루션을 제안했습니다. 이 회사는 Optimum 구독자들이 Knicks, Rangers, Devils, Islanders의 경기를 놓치지 않도록 하는 것을 목표로 하고 있습니다. MSG 네트웍스는 중재 과정이 진행되는 동안 현재 계약의 단기 연장을 제안했으며, 이는 시청자들이 분쟁 해결 중에도 스포츠 프로그램을 계속 시청할 수 있도록 합니다.
MSG Networks a proposé une solution à son différend en cours avec Altice USA en offrant un arbitrage contraignant par l'intermédiaire d'un tiers neutre. L'entreprise vise à empêcher les abonnés d'Optimum de manquer d'autres matchs des Knicks, Rangers, Devils et Islanders. MSG Networks a suggéré une prolongation à court terme de leur accord actuel pendant que le processus d'arbitrage a lieu, ce qui permettrait aux téléspectateurs de continuer à regarder la programmation sportive durant la résolution du conflit.
MSG Networks hat eine Lösung für seinen laufenden Streit mit Altice USA vorgeschlagen, indem es verbindliche Schiedsverfahren über eine neutrale dritte Partei anbietet. Das Unternehmen möchte verhindern, dass Optimum-Abonnenten weitere Knicks, Rangers, Devils und Islanders Spiele verpassen. MSG Networks hat eine kurzfristige Verlängerung ihres aktuellen Vertrages vorgeschlagen, während der Schiedsprozess stattfindet, was den Zuschauern ermöglicht, während der Streitbeilegung weiterhin Sportprogramme zu verfolgen.
- Proactive approach to dispute resolution showing willingness to negotiate
- Proposed solution could prevent subscriber loss and maintain revenue stream
- Short-term extension offer maintains service continuity
- Ongoing carriage dispute affecting revenue and viewership
- Current service interruption for Optimum subscribers
- Uncertain outcome of arbitration could impact future revenue
Insights
The escalation to binding arbitration in the MSG Networks-Altice dispute represents a strategic shift in the ongoing content distribution standoff. Carriage disputes typically result in subscriber losses for cable operators and reduced advertising revenue for content providers, making swift resolution important for both parties.
The timing is particularly critical given the mid-season status of NBA and NHL games, which are prime revenue generators. Historical data from similar disputes shows that prolonged blackouts can lead to significant customer churn for cable operators, often ranging in the low single-digit percentages of affected subscribers.
MSG's tactical move to offer binding arbitration serves multiple purposes: 1) It positions MSG as being proactive in seeking resolution, potentially strengthening their public relations stance 2) It provides a structured framework for negotiations that could expedite agreement terms 3) It offers temporary content restoration during the arbitration process, minimizing immediate revenue impact.
For investors, this development suggests a potential near-term resolution pathway, though the final terms reached through arbitration could have lasting implications for both companies' revenue models. The outcome will likely influence future carriage fee negotiations across the industry, particularly for regional sports networks facing similar challenges in the evolving media landscape.
"Our goal is to make sure our Knicks, Rangers, Devils, and Islanders fans who are Optimum subscribers don't have to miss another game. To that end, we are willing to agree to a short extension tied to resolving our dispute through binding arbitration by a neutral, third party. This will enable Optimum subscribers to watch their favorite sports programming while we resolve our outstanding issues."
About MSG Networks
MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation's number one media market, the New York DMA, as well as other portions of
Contact:
Dan Schoenberg (dan.schoenberg@msg.com)
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SOURCE Sphere Entertainment Co.
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