Court lifts garnishment over ABS-CBN, Skycable assets
Last May 25, Solar Entertainment Corporation filled a complaint against ABS-CBN and Skycable in connection with the dispute on the carriage fee for NBA in cable. The Kapamilya network and its sister company Skycable received an ex-parte writ of attachment and notice of garnishment from the Mandaluyong Regional Trial Court. Immediately, ABS-CBN filled a motion to lift the attachment and garnishment last May 29 and it was granted to them same day.
In connection with the court’s decision, ABS-CBN and Skycable issued a press statement regarding this matter:
ABS CBN and Sky Cable received an ex-parte writ of attachment and notice of garnishment from the Mandaluyong Regional Trial Court on Thursday, 25 May 2017, in connection with the collection complaint of Solar Entertainment Corporation.
ABS-CBN and Sky Cable immediately filed a motion to lift the attachment and garnishment on the morning of 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.
In 2014, ABS-CBN and Solar jointly entered into a license agreement with NBA Properties Inc. Since ABS-CBN was paying 60 percent of the license fees, it considered that the same already covered the carriage fees of Sky Cable. Unfortunately, Solar disagreed. Despite the good faith attempts of ABS-CBN and Sky Cable to resolve the dispute amicably, Solar cut off the NBA feed to Sky Cable and filed this complaint.
We will submit our answer with counterclaims to this complaint.
We are confident we will prevail.
Keep posted for more updates regarding the conflict between ABS-CBN/Skycable and Solar Entertainment.