Sky, Virgin Iron Out Differences, Get Channels Back
Like a couple of kids forced to stand facing the wall after fighting in the schoolyard, teacher has finally ushered Sky and Virgin Media back into the room following an 18-month dispute over fees. Last year Sky demanded nearly £50m per year for the rights to transmit Sky One, Sky News and Sky Sports News, a request that got the finger from Virgin who saw this as double what the channels were worth. Virgin fought back by asking for exorbitant fees for its own channels, but following mutual losses the whole argument has now been sorted and everyone is friends again, at least for the time being. What this means is that from the 13th of November, Virgin will get Sky One, Two and Sky Sports News back, and Sky gets Living, Living Two, Bravo, Bravo Two, Trouble, Challenge and Virgin One back. The new deal is set to run until 2011 and both companies have agreed to end court proceedings against each other. Though the exact terms of the contract haven’t been revealed, the three year deal includes fixed annual fees and additional capped payments based on performance, so hopefully this’ll be enough for customers to wave goodbye to the whole debacle and get back to watching TV. - Paul Lester [Times] Sky Virgin TV
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Original post by nafiz