1. MSG Networks demands fair treatment from Optimum regarding subscriber refunds. 2. Optimum owes subscribers $10 monthly for programming issues. 3. MSG Networks operates in the competitive New York sports media market. 4. The company's strong content portfolio includes major New York sports teams. 5. MSG Networks is part of Sphere Entertainment Co. (NYSE: SPHR).
Clear demand for subscriber refunds could lead to improved customer satisfaction. Past performance suggests that strong negotiations often enhance stock confidence.
Dealing with subscriber backlash directly impacts MSG Networks' revenue, thus SPHR. Subscriber satisfaction is critical in the competitive sports media market.
Negotiations and subscriber reactions will likely impact SPHR quickly. Issues like these can affect stock prices in the coming quarters.
MSG Networks released the following response to Altice USA:
"In response to Optimum's last release what we have to say is simple:
Cut the B.S. - give us the same deal you gave YES Networks just a few months ago OR give us our old deal which we had with you previously OR refund every subscriber what you owe them - $10 a month. And by the way you already owe them $5 for the lack of programming they didn't get for the first half of January."
MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation's number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).
Dan Schoenberg ([email protected])
SOURCE Sphere Entertainment Co.