OPTIMUM AND MSG NETWORKS AGREE ON CARRIAGE DEAL

Rhea-AI Summary

MSG Networks and Optimum have announced reaching a new carriage agreement that will result in the relaunch of MSG Networks on Optimum video lineups. The agreement, announced on February 22, 2025, will benefit both fans and Optimum subscribers. The specific terms of the deal were not disclosed.

Positive

• Restored distribution partnership with Optimum expands MSG Networks' reach
• Agreement secures revenue stream from carriage fees

Negative

• Financial terms and impact not disclosed
• Duration of service interruption may have affected subscriber retention

NEW YORK, Feb. 22, 2025 /PRNewswire/ -- MSG Networks and Optimum are pleased to announce they have reached an agreement for the relaunch of MSG Networks on Optimum video lineups.

MSG Networks and Optimum would like to thank everyone for their patience as we partnered to reach this new agreement to benefit our fans and Optimum subscribers.

Specific terms of the agreement were not released.

About MSG Networks
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).

About Optimum 
Optimum is a brand of Altice USA, one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to approximately 4.6 million residential and business customers across 21 states. The company operates Optimum Media, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local news through its News 12 Networks.  

MSG Networks Contact:
Dan Schoenberg (dan.schoenberg@msg.com)

Optimum Contact:
Stephen Stokes (Stephen.stokes@optimum.com)
Erin Smyth (Erin.Smyth@optimum.com)

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SOURCE Sphere Entertainment Co.

FAQ

When will MSG Networks return to Optimum?

MSG Networks will be relaunched on Optimum video lineups following the agreement announced on February 22, 2025.

What channels are included in the MSG Networks and Optimum deal?

The specific details of the channels included in the agreement were not disclosed in the announcement.

How long was MSG Networks off Optimum before the new agreement?

The duration of the service interruption was not specified in the announcement.

What are the financial terms of the MSG Networks-Optimum agreement?

The specific financial terms of the agreement between MSG Networks and Optimum were not released.