CNN, Cartoon Network sue Cablevision over DVR plan

hbk409

hbk409

Thread Starter
Supporting Founder
Supporting Founder
Jan 12, 2005
1,453
1
LI,NY
source http://yahoo.reuters.com/stocks/quo...60530:MTFH24394_2006-05-30_20-44-04_N30418056

CNN, Cartoon Network sue Cablevision over DVR plan
Tue May 30, 2006 4:44 PM ET
NEW YORK, May 30 (Reuters) - Time Warner Inc. (TWX.N: Quote, Profile, Research) networks CNN and Cartoon Network have sued Cablevision Systems Corp. (CVC.N: Quote, Profile, Research) in an attempt to block the cable operator's plans to roll out a network-based digital video recorder service.

The suit, which was filed last Friday, came just two days after four Hollywood studios and three major television networks filed a copyright suit seeking to prevent the new technology service launch.

FACT BOX

NWS.N (News Corporation)
Last: $20.06
Change: +0.25
Up/Down: +1.26%


JunSepDecMar
Quote
Full Chart
Company Profile
Analyst Research
News for NWS.N
PRESS DIGEST - Wall Street Journal - May 31
MGM revamps DVD, TV distribution
CNN, Cartoon Network sue Cablevision over DVR plan
The suits against the service, which Cablevision says it plans to trial next month, have been filed in U.S. District Court in Manhattan.

Cablevision said when it announced plans to launch the service that the service would do away with the need for personal DVR boxes such as made by the likes of TiVo Inc. (TIVO.O: Quote, Profile, Research) or Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) Scientific Atlanta.

But the networks say that because the proposed service allows subscribers to store television programs on the cable operator's own computer servers, it would be breaking copyright agreements by effectively retransmitting the programs.

Another Time Warner unit, Time Warner Cable, has been supportive of network DVRs in principle if proved legal.

Speaking at a conference in March, John Martin, chief financial officer at Time Warner Cable said, "If over time, this proves legal and if over time this proves to be something that consumers want to do, we have the ability to bring that to them and that's what I think is sort of exciting and important."

The lawsuit filed on Friday by CNN and Cartoon Network is the same as that filed by News Corp.'s (NWS.N: Quote, Profile, Research) 20th Century Fox, General Electric Co.'s (GE.N: Quote, Profile, Research) Universal Studios, Viacom Inc.'s (VIAb.N: Quote, Profile, Research) Paramount Pictures, the Walt Disney Co. (DIS.N: Quote, Profile, Research) and networks, CBS Corp. (CBSa.N: Quote, Profile, Research), Disney-owned ABC and NBC, also a unit of GE.

Cablevision said in a statement on Tuesday that the suit by the two Time Warner networks is "without merit" and "reflects a fundamental misunderstanding" of how the network-based DVR will work.

© Reuters 2006. All Rights Reserved.

NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq and all other quotes delayed by at least 15 minutes.
Reuters does not endorse the views or opinions given by any third party content provider
 
hbk409

hbk409

Thread Starter
Supporting Founder
Supporting Founder
Jan 12, 2005
1,453
1
LI,NY
what I find funny about this is Time Warner wanted to the Network DVR for their cable systems.
 
cforrest

cforrest

Pub Member / Supporter
Sep 29, 2005
901
1
Long Island
Parsons wants to hit Dolan in the pocket book and perhaps get that stock price to drop for a long term strategy of one day buying out CV. Who knows? It's funny as you pointed out HBK, TWX wanted to do N-DVR and now sues CV over it.
 
hbk409

hbk409

Thread Starter
Supporting Founder
Supporting Founder
Jan 12, 2005
1,453
1
LI,NY
cforrest said:
Parsons wants to hit Dolan in the pocket book and perhaps get that stock price to drop for a long term strategy of one day buying out CV. Who knows? It's funny as you pointed out HBK, TWX wanted to do N-DVR and now sues CV over it.

Funny though because the stock is up today. Next it will be OLN and INHD sueing, when Comcast wanted to do the N-DVR as well.
 

Similar threads

F
Replies
1
Views
2K
hbk409
hbk409
R
Replies
1
Views
3K
cforrest
cforrest
W
Replies
20
Views
5K
beachrider
B
P
Replies
3
Views
3K
cableguy79
C

Users Who Are Viewing This Thread (Total: 0, Members: 0, Guests: 0)

Top