Movie Studios to Create Premium Channel

MGM, Paramount, Lionsgate joint venture would target HBO
By Laurel Jorgensen,  Newser Staff
Posted Apr 21, 2008 8:50 AM CDT
Media conglomerate Viacom Inc. owns MTV, Comedy Central and Paramount Pictures. MTV Networks will provide marketing and affiliate services for the new premium channel.    (AP Photo/Mark Lennihan)
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(Newser) – Paramount Pictures, MGM Studios, and Lionsgate are creating a premium TV channel to compete with HBO and Showtime, reports the Los Angeles Times, which currently showcase their programming. The joint venture comes as those same channels look to pay studios less for movies and pursue production of their own content.

Programming on the channel, scheduled to launch in September 2009, will draw on extensive TV and movie libraries and original programming from the three studios and affiliates United Artists and Paramount Vantage. The as-yet-unnamed channel will have access to hit movies such as the Saw and James Bond franchises as well as upcoming films like Iron Man, Pink Panther 2, and The Love Guru.