Actually, big corporations outsource to transfer risk and not because it's cheap. To compliance/legal departments, paying exorbitant fees to qualified vendors is saving money in their risk analyses.
If all the legal work was done properly, the vendor would end up in court with their insurer.
I think maybe the TV producer's lawyers think that suing the internet host into oblivion will get their TV show back?
If this was indeed a risk transfer outsourcing agreement, everyone who was involved in vetting and approving the hosting contract should be fired and possibly sued for negligence.