Tuesday, June 03, 2008

Voom Says DISH Dumping Will Cost It $1 Billion

Voom HD last week filed a breach of contract lawsuit against DISH Network, claiming that DISH's decision to drop the Voom 15 suite of high-def channels violated the two companies' carriage agreement.

Now Voom has filed an amended claim to its lawsuit stating that DISH's decision to dump Voom will cost Voom a billion dollars over what should have been the life of the contract. Voom apparently arrived at that figure by projecting DISH's HD subscriber growth rate over the next 12 years and multiplying that number by the monthly fee DISH was to pay Voom, currently $3.25 per subscriber.

It's unclear whether Voom is seeking that same billion-dollar amount in damages or some other amount. More from Multichannel News.

No comments: