NBA Finals sideshow: Lopez escapes Tieng’s move to seize SkyCable assets
ABS CBN Broadcasting Corp. and Sky Cable obtained a court order lifting the asset attachment and garnishment initiated by Solar Entertainment Corp.
The Lopez Group filed a motion to lift the attachment and garnishment on May 29 which the court granted on the same day.
“Thus, at this time, there is no effective attachment or garnishment over any asset of ABS-CBN or Sky Cable,” the Lopez group said in a statement.
The garnishment order stemmed from ABS-CBN’s alleged failure to pay carriage fees for the airing of BTV and NBA Premium TV channels of Solar Entertainment.
In 2014, ABS-CBN and Solar jointly entered into a license agreement with NBA Properties Inc.
ABs-CBN claimed that since it has been paying 60 percent of the license fees, it considered tùhe same already covered the carriage fees of SkyCable.
Despite ABS-CBN and Sky Cable’s attempts to resolve the dispute amicably, Solar cut off the NBA feed to Sky Cable and filed a complaint.
Solar, the local distributor of NBA games and programs for the past 16 years, alleged that Sky Cable continued to air and make money on the NBA shows using Solar’s own channels, BTV and NBA Premium, even if its carriage contract ended in 2014.