Just seven weeks after Viacom (NYSE: VIA) filed a lawsuit against Cablevision’s TV-over-iPad app, the companies have resolved the issue. And they’re keeping mighty quiet about the terms.
The joint statement sent out by the two companies doesn’t give a hint of any terms of the settlement, including the big question of whether Viacom managed to get any payment from Cablevision (NYSE: CVC). Viacom programming will continue to be viewed on Cablevision’s iPad and iPhone apps. The statement continues to say: “In reaching the settlement agreement, Cablevision and Viacom were able to resolve the iPad matter and an unrelated business matter to their mutual satisfaction. Neither side is conceding its original legal position or will have further comment.”
A quick recap of those legal positions: Cablevision said that using iPads and iPhones in the home consisted of nothing more than additional TV screens in the home, and was covered under its existing contract with Viacom and other TV networks. Viacom, on the other hand, said that it amounted to internet distribution of their content and was nothing less than a violation of both contract and copyright law.
Viacom has a similar dispute with Time Warner Cable (NYSE: TWC) over its iPad app. That litigation is still pending but in a “standstill” mode while the sides negotiate. Don’t be surprised if Time Warner (NYSE: TWX) Cable and Viacom work out that disagreement shortly as well. (Probably on similarly secretive terms.)