TVG to Remain on DISH Network
Updated: Wednesday, March 3, 2004 1:01 PM
Posted: Wednesday, March 3, 2004 8:01 AM
TV Games Network will continue to be distributed on the DISH Network after an agreement was reached on a four-year patent dispute between their parent companies.
Gemstar-TV Guide Tuesday agreed to license its interactive program guide technology to EchoStar Communications Corp. for a one-time payment of $190 million. EchoStar will launch TV Guide Channel on its DISH Network and continue to air TVG, the Associated Press reported.
Gemstar stock rose 11%, or 84 cents, to $8.34 a share Tuesday morning on the Nasdaq Stock Market.
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