NEW YORK–(BUSINESS WIRE)–Optimum right now offers an replace on its distribution of MSG Networks (NYSE:).
Background:
Optimum and MSG Networks’ distribution contract expired at midnight on December 31, 2024.
For weeks, the businesses negotiated to take care of distribution on Optimum techniques. Throughout negotiations, MSG Networks demanded exorbitant programming charges and demanded that Optimum make MSG channels obtainable to the overwhelming majority of video subscribers, whether or not or not they needed the content material. This all-or-nothing method might drive up cable payments whereas forcing the vast majority of our clients to pay for content material they do not watch.
Optimum cares about its clients and has labored on their behalf to realize a good providing that gives alternative and worth to our clients. Sadly, MSG Networks has not moved and its content material has been faraway from Optimum TV programming.
Optimum points the next assertion:
At Optimum, we’ve a transparent mission: to offer the programming our clients need and supply it to them at a worth they will afford. The issue: MSG Networks demanded that we pay an exorbitant quantity in charges to stream its content material AND that clients who don’t desire the content material “which are the bulk” nonetheless must pay for it. Now greater than ever, particularly on this economic system, it is unfair for MSG Networks to demand more cash from its Optimum viewers, particularly when there are methods for followers to get video games instantly from MSG by way of different direct-to-consumer choices.
Regardless of this, Optimum provided to soak up its large pricing calls for if we might consolidate MSG Networks in a manner that may give extra flexibility and management to our clients, so followers might proceed to look at and pay for his or her content material. whereas non-spectators wouldn’t. pressured to pay for what they do not watch. MSG Networks mentioned no and declined a number of affords from us to succeed in an settlement.
It is no secret that the viewers for regional sports activities networks is more and more fragmented throughout numerous platforms and streaming companies. But MSG Networks continues to squeeze its viewers for more cash to look at their content material, refusing to evolve or deviate from a damaged mannequin that’s out of date because the leisure trade evolves, is anti-consumer and unsustainable in right now’s programming panorama.
Optimum desires to accomplice with programmers who put buyer alternative and suppleness on the heart of each determination. We’re disenchanted with MSG Networks, however extra importantly sorry that our clients must undergo this modification, which is why Optimum is working instantly with clients to offer various viewing choices to make sure they by no means miss a recreation.
Clients can name us at 888-347-4784, chat with us or go to www.optimum.com/MSG to study extra concerning the options and choices we provide for them to allow them to proceed watching their favourite groups.
Clients can even study extra about our modernized video options by clicking right here.
About Optimum
Optimum is a model of Altice USA, one of many largest broadband video and communications service suppliers in america, offering broadband, video, cell, proprietary content material and promoting companies to roughly 4 .6 million residential and enterprise clients in 21 states. The Firm operates Optimum Media, a sophisticated promoting and knowledge firm, offering audience-based, multi-screen promoting options to native, regional and nationwide enterprise and promoting shoppers. Altice USA additionally affords hyper-local and worldwide information through its Information 12 and i24NEWS networks.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20241231499598/en/
Media:
Stephen Stokes
(917) 553-0667
stephen.stokes@optimum.com
Supply: Altice United States
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