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Viacom and MGM to launch new premium cable channel

21 April 2008 9:15 by Rich "vurbal" Fiscus | 2 comments

Entertainment giant Viacom is partnering with MGM, and Lionsgate to start a new premium cable channel. Less than three years ago Viacom gave up ownership of Showtime to CBS Television when they split assets between the two companies. The new channel will compete with both Showtime and Time-Warner owned HBO

According to the Associated Press, a statement from Viacom president CEO Philippe Dauman said "This venture has the potential to be a game changer for the industry," . "We are building an innovative service that will use traditional and new digital distribution technologies to bring great film and television entertainment directly to the consumer."

Viacom already owns a huge library of TV shows, as well as the theatrical movies released by its Paramount Pictures division. MGM owns with the AP calls "the world's largest modern film library," which includes not just MGM, but also United Artists and Orion Pictures titles.

Permalink to this article | Topics: HDTV Home Theater

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georgeluv (Member) 24 April 2008 18:17
america; where you have to spend an extra 12 bucks a month for any one channel that isnt censored down to a toddlers level and incoherently stuffed with comericals. you all know they censor normal cable tv just to make you pay extra for premium channels right? in england cable tv is like half as expensive and thier normal cable and terrestrial channels are like our premium channels, they have swearing and nudity and only have comericals every 30 min max, usualy less. in other words, just get a coolsat and steal sat feeds cause those good old boy american media monoploies dont deserve 1 cent from your poket book. not one red cent. soon enough they will all be connection providers and nothing more, good riddence. [ + quote] This message has been edited since posting. Last time this message was edited on 24 April 2008 18:23
iluvendo (Senior Member) 24 April 2008 21:27
Why is everything a "premium" channel ? If it wasn't for bad luck, I'd have no luck! "The flimsier the product,the higher the price" Ferengi 82nd rule of aquisition [ + quote]