Neo TV has concluded an agreement with Turner enabling independent pay-TV distributors to restate their contracts with the programmer?s channels.
The highlight of the agreement, announced during NCTA 2003 in Chicago, is the inclusion of clause for payment in local currency. Net Brasil had previously won a similar agreement.
Neo TV?s members will now negotiate new contracts with Turner, since the association has no power of attorney in commercial matters. Net Brasil, of course, is a franchisor and negotiates on behalf of all affiliates.