US broadcasting firms Dish Network Corp and CBS Corp on Saturday reached a multi-year agreement after the later agreed to continue delivery of its programs to 14 million Dish subscribers
The development came hours after CBS has withdrawn its programs including CBS, Showtime and CBS Sports from the top Dish markets amid the recent disputes that occurred between several media houses and distributors in a price war of carrying cable channels and terms.
In a released statement, CBS revealed about the deal with Dish but declined to disclose the financial terms of the agreement. The statement also said that the deal will result in the dismissal of pending litigation between both the companies.
The talks between both the companies came to a break down following the expiry of two extensions of their contract on November 20. The initial contract extensions had allowed the firms to continue with their negotiations and continue providing the CBS channels to Dish subscribers.
The CBS has on Friday evening denied availability of its channels to Dish subscribers in Los Angeles, New York, San Francisco and other markets.
As part of the agreement, Dish accepted to block utility of its AutoHop for new programs on the CBS stations for a seven-day period. The agreement also provides Dish rights to Showtime video-on-demand content.
Reports also suggest that Dish is under extended talks with Turner Broadcasting unit of Time Warner Inc over its program distribution rights.
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