Today Omniverse CEO Jason DeMeo gave an interview with LightReading to talk about the recent lawsuit from companies like Disney, HBO, and more along his contract that allows him to offer the streaming service.
According to Jason DeMeo they have a 100-year contract that allows Omniverse to sell a streaming service. According to DeMeo this contract is with his company called Hovsat Inc a small private cable operator based in New Jersey that operates in Freehold and Tinton Falls, NJ. This Hovsat Inc company is what is used to resell through Omniverse streaming rights to companies like TikiLive, HDHomeRun, and SkyStream TV to name a few.
This deal with DIRECTV allows them to use the DIRECTV feed and explains why sometimes the DIRECTV logo shows up on services like HDHomeRun Premium TV.
“Everyone is framing me as some sort of pirate… when I’m 100% compliant with what I’m supposed to do,” DeMeo said in an interview with Light Reading. “They can’t live with a short-term contract; they needed a long-term contract,” DeMeo said per his understanding of how the deal originated decades ago. “They are potentially on the hook to serve neighborhoods for potentially 100 years… Having a five-year agreement doesn’t work if you’re going to be a supplier of cable for an entire community.”
According to DeMeo the contract “will blow your mind.” “It’s not a normal agreement, it’s extremely unique… 80% of our contract is about protecting intellectual property… We’re just distributors and marketers, that’s all we are.”
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