HBO, Dish Network settle differences
EmptyENGLEWOOD, Colo. -- EchoStar Communications Corp., the parent of the Dish Network satellite television service, said Monday it has settled a dispute with HBO over licensing fees.
Details of the agreement to keep Cinemax and HBO on the Dish Network were not disclosed and EchoStar spokeswoman Kathie Gonzalez declined to comment further.
The announcement comes after HBO, owned by Time Warner Inc., filed a federal lawsuit alleging EchoStar failed to pay monthly fees on time and underpaid license fees or calculated them improperly. The lawsuit sought up to $90 million from EchoStar.
With the agreement, HBO dropped the lawsuit and EchoStar dropped a program access complaint against HBO that had been filed with the FCC.
Based in suburban Englewood, EchoStar is the second-largest provider of satellite TV service with more than 12.7 million customers. Its stock rose 62 cents, or 1.54%, to close at $41 on the Nasdaq Stock Market.