French media giant Vivendi agreed to pay billionaire mogul John Malone‘s Liberty Media $775 million to settle a decade-old lawsuit related to USA Networks. The settlement, announced Friday, puts an end to the suit stemming from Vivendi’s 2001 purchase of Liberty Media’s stake in USA Networks.
The cable network’s shows like Royal Pains and Burn Notice can be seen online and via the new USA Now app for tablets and smartphones the day after they air on USA. In addition, NBCU is planning rollouts of similar apps for its other channels including Syfy and Telemundo.
The networks, citing strong shows like Modern Family and The Walking Dead, don’t want to begin talks with last year’s prices.
Just as the voices of pundits predicting the demise of the upfronts grow louder, the upfronts defy gravity and become more important within the television advertising world, with the announcement this week that USA Networks will become the latest cable network to join upfront week.