Altice is set to separate its European and American business entities, Altice USA Inc., which is listed at the New York stock exchange, and the Netherlands-based Altice NV. While Altice USA, which represents about 40% of Altice’s global revenues and regroups Cablevision and Suddenlink, performed well during the third quarter of 2017, Altice NV (renamed […]
Starz Networks recently gave a statement in regards to the status of negotiations with Altice which could see a potential loss of all of Starz’s programming services when its distribution partnership expires at midnight Jan. 1.
“Starz has been working in good faith to reach a fair and reasonable distribution agreement with the team at Altice in order to continue providing our subscribers with all 17 Starz, StarzEncore, and MoviePlex premium channels,” Starz said in a…
The clock is ticking on negotiations between Starz and Altice over distribution, which is set to expire at midnight Sunday.
Partnership between the satellite network and Altice, the Euro-based telecoms company that acquired Cablevision in 2016, has run aground, with Starz saying, “Altice is demanding a totally unreasonable agreement unlike anything that has previously existed in our 20-year partnership.”
Altice — who is asking for price reductions while Starz is asking for market rates — counters that, attributing the negotiation stalemate to Starz’s declining viewership on its systems and their increase in programming costs.
“Since our last contract renewal, Starz began offering a direct to consumer streaming service, which drastically changes the value proposition their network provides us and our customers,” Altice said in a statement.
“Regardless, Starz is asking for outrageous increases in programming costs and, given the limited viewership of Starz amongst our customer base and the different ways consumers can directly access Starz content, we are working to reach an agreement that is reasonable and reflects the best interests of all our customers.”
Starz took out ads in Saturday’s New York Times and New York Post, warning its 4.9 million subscribers across 21 states — much of which serves African-American, Hispanic, women and LGBTQ viewers — of possible blackout come midnight on New Year’s Eve.
“We urge [Altice] to join with us in working to reach an agreement that is fair, reasonable and operates in the best interests of our customers,” Starz said continued, “many of whom cannot otherwise find programming that speaks directly to them.”
Starz and Altice USA are going down to the wire on a new carriage agreement that could result in Starz going dark on the cable operator as of Jan. 1. Starz took ads out in the New York Times and New York Post on Saturday warning Altice subscribers that they could soon lose the pay […]
Altice has signed a licensing agreement with Samuel and Victor Hadida’s Metropolitan, one of France’s top independent production/distribution companies. Under the deal, Altice Studio, the newly-launched channel dedicated to movies and TV shows, will gain first window rights to more than 20 films starting this month. The agreement undercores Altice’s ambition to access premium films […]
Altice USA has seen its share price drop by 11% on triple its average trading volume today, reaching $22.12, well below its initial public offering price of $31.60 in June, but top executives say they are not planning any emergency measures.
“We are comfortable with the leverage that we have,” said Dennis Okhuljsen, CFO of the U.S. unit’s France-based parent company, Altice, during a conference call today with financial analysts. Despite above-average debt, which it does…
Altice has acquired exclusive French rights to “Absentia,” Oded Ruskin (“False Flag”)’s psychological thriller series produced by Sony Pictures Television. Created by Gaia Violo and Matt Cirulnick, “Absentia” stars Stana Katic (“Castle”) as a young FBI agent who goes missing while conducting an investigation on Boston’s most famous serial killer. She is found barely alive […]