I've been watching with interest the seeming outrage from Disney (NYSE:DIS) and 21st Century Fox (NASDAQ:FOX) (FOX) especially, concerning the alleged breaking of an existing content agreement between them and Verizon (NYSE:VZ).
The
basic kerfuffle is over whether or not existing agreements allow
Verizon to offer sports channels in bundles separate from other channels
by the respective content owners. Disney, Fox, and others claim it
violates existing agreements, while Verizon says it doesn't.
Verizon
won't back down from its FiOS Custom TV,, as Chief Financial Officer
Fran Shammo said: "We have launched the product, we are not retracting
it, and we believe we are in our legal rights to launch it."
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