AT&T (NYSE: T) has come to an agreement over content fees with AMC Networks, meaning the service provider will continue to be able to offer IFC, Sundance and WE tv content to its U-verse TV subscriber base.
The telco and the content provider, following ongoing negotiations, came to what it calls a "fair distribution" agreement on Sunday July 1.
Neither AT&T nor AMC revealed the details of the agreement.
However, AT&T did issue a statement saying that it was happy to resolve the content fee issue with AMC.
"It was important to us on behalf of our U-verse TV customers to come to a positive resolution as quickly as possible. We appreciate everyone's willingness to make that happen, working diligently over the weekend, so customers can continue to enjoy the programming they love on U-verse, the fastest growing TV service in the country," said Jeff Weber, President of Content and Advertising Sales, AT&T in a prepared statement.
In related news, Dish Network (Nasdaq: DISH) has yet to establish a content agreement with AMC, prompting the satellite provider to replace AMC's channels with HDNet channels after its contract expired on midnight on Saturday.
Although Dish maintains that AMC's rates are too high, the content owner said in an AP article that the satellite provider is basically is "playing hardball because it wants to retaliate for a lawsuit Voom HD, an indirect subsidiary of AMC, filed against Dish for dropping it."
- see AT&T's statement
- here's AMC's statement on DISH
- Washington Post via AP has this article
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