Optimum, a brand of Altice USA (ATUS), announced that its carriage agreement with Sphere Entertainment’s (SPHR) MSG Networks expired at midnight on December 31, 2024. The company said, “For weeks, the companies negotiated for continued carriage on Optimum systems. During the negotiations, MSG Networks demanded exorbitant programming fees and required Optimum to make MSG channels available to the vast majority of video subscribers, whether they wanted the content or not. This ‘all or nothing’ approach could raise cable bills while forcing the majority of our customers to pay for content they do not watch. Optimum cares about its customers and worked on their behalf to reach a deal that is fair and brings our customers choice and value. Unfortunately, MSG Networks would not budge, and their content has been removed from Optimum TV lineups.”
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