Playboy Enterprises Ends Dispute With DirecTV, Will Take $13M Charge
The satellite giant had sued Playboy and its Spice Hot Entertainment unit in March.
Playboy Enterprises has ended its legal dispute with DirecTV and will take a $13 million charge on its fourth-quarter earnings as a result, the company said in a filing Thursday.
DirecTV filed a lawsuit in March claiming that Playboy and its Spice Hot Entertainment unit was in breach of contract because they violated an agreement to offer some channels at the same terms that it was offering them to other pay TV services.
The settlement includes cash as well as DirecTV’s right to carry in the U.S. through 2013 the channels Playboy TV, Spice:Xcess and Playboy TV en Espanol.