Notification follows failure to renew license of Poland’s major independent broadcasting team TVN, and vote to progress discriminatory legislation towards TVN laws would undermine flexibility of the push, Poles’ obtain to factual information and dependable data, and a secure enterprise environment for intercontinental expenditure
NEW YORK and WARSAW, Poland, Aug. 12, 2021 /PRNewswire/ — Discovery, Inc. now introduced that it has formally notified the Polish authorities that it will get lawful action less than the bilateral financial commitment treaty amongst the United States of The us and the Republic of Poland.
The notification follows Poland’s discriminatory campaign from Discovery’s TVN, such as its refusal to renew TVN24’s broadcasting license, and culminated in the vote yesterday in the lower house of the Polish Parliament to move laws that would ban upstream overseas media ownership in the country. The laws is the latest assault on unbiased media and freedom of the push, and requires immediate intention at Discovery’s TVN, the country’s major independent broadcasting team and information supplier, as perfectly as a single of the biggest U.S. investments in Poland.
Around a amount of years, the recent Polish authorities has specific TVN in an arbitrary and discriminatory way as portion of a broader crackdown on impartial media and in direct violation of authorized protections all over independence of expression.
The Notice of Dispute was sent to President Andrzej Duda previously currently. Discovery carries on to attempt for a good resolution to this predicament, but ought to this fall short, Discovery intends to commence arbitration proceedings in accordance with Write-up IX(3) of the Treaty and seek out entire compensation for Poland’s breaches.
JB Perrette, President and CEO of Discovery Intercontinental, claimed: “Discovery has properly operated and invested in Poland for just about 25 decades, earning us now one of the largest international buyers and employers in this amazing place. The existing Polish government’s harmful and discriminatory actions, having said that, go away us no option but to convey charges under the US-Poland bilateral expenditure treaty. We are deeply fully commited to safeguarding our expense in Poland and its persons, defending the public’s curiosity in impartial media and the legal rights of liberty of expression. Discovery, as a secured investor in Poland, is afforded significant legal rights and freedoms below the US-Polish Treaty. We do feel this legislation will have a chilling influence on U.S. and European financial commitment into the Polish financial system, and we will aggressively defend our rights.”
Poland’s perform violates many obligations below the Treaty signed among the US and the Republic of Poland on 21 March 1990. The obligations contain reasonable and equitable treatment, non-impairment by arbitrary and discriminatory actions, non-discrimination in granting licenses, and the prohibition on expropriation with no compensation.
Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a worldwide chief in true existence leisure, serving a passionate audience of superfans all around the planet with articles that conjures up, informs and entertains. Discovery delivers about 8,000 hrs of authentic programming each and every year and has classification management throughout deeply loved articles genres all around the environment. Obtainable in 220 nations around the world and territories and just about 50 languages, Discovery is a system innovator, reaching viewers on all screens, together with Tv set Everywhere items these kinds of as the GO portfolio of apps immediate-to-buyer streaming expert services these types of as discovery+, Foodstuff Community Kitchen area and MotorTrend OnDemand electronic-initially and social written content from Group 9 Media a landmark purely natural history and factual information partnership with the BBC and a strategic alliance with PGA TOUR to produce the international household of golfing. Discovery’s portfolio of high quality makes incorporates Discovery Channel, HGTV, Food stuff Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Earth, Science Channel, and the multi-system JV with Chip and Joanna Gaines, Magnolia Network, as perfectly as Own: Oprah Winfrey Network in the U.S., Discovery Children in Latin America, and Eurosport, the primary company of regionally suitable, quality sports and Household of the Olympic Video games throughout Europe. For additional info, you should visit corporate.discovery.com and abide by @DiscoveryIncTV throughout social platforms.
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