NEW YORK — Viacom Inc., the owner of MTV, Comedy Central, and the Paramount film studio, agreed to resolve a legal dispute with Time Warner Cable Inc., allowing cable customers to see Viacom shows on devices such as Apple Inc.’s iPad.
“All of Viacom’s programming will now be available to Time Warner Cable subscribers for in-home viewing via Internet protocol-enabled devices such as iPads,” the companies said Wednesday in a joint statement posted on Viacom’s website.
Viacom sued in 2011, seeking an order blocking Time Warner Cable from distributing Viacom programming on portable electronic devices such as the iPad. Time Warner Cable also filed suit, asking for a ruling from the court that its contract with Viacom allowed the distribution of content on the devices.
Shares of Viacom rose less than 1 percent to $47.25 at the close in New York. Time Warner Cable climbed less than a 1 percent to $76.35.
Last August, New York-based Viacom resolved a similar lawsuit against Cablevision Systems Corp., which had been distributing Viacom’s programming on the iPad. The companies said Cablevision could continue to run Viacom’s programs on the devices.