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Showtime, also known as Paramount+ with Showtime (with "Showtime" being the former name of its main channel from 1976 to 2024, but still used for certain marketing and channel branding contexts), is an American premium television network and the flagship property of Showtime Networks, a sub-division of the Paramount Media Networks division of Paramount Global.
The company was established in 1983 as Showtime/The Movie Channel, Inc. after Viacom and Warner-Amex Satellite Entertainment (now Paramount Media Networks) merged their premium channels, Showtime and The Movie Channel respectively, into one division.
Showtime Arabia – 21%; co-owned with KIPCO; merged with Orbit Communications Company to form Orbit Showtime Network; Simon & Schuster – sold to KKR & Co. Inc. in 2023 [31] Sundance Channel (now Sundance TV) – sold to Rainbow Media (now AMC Networks) in 2008; Telemeter — spun off in 1966 after Gulf+Western bought Paramount; shut down in 1969
On August 27, 1985, Warner sold 31% of MTV Networks to Viacom, with Warner also selling 19% of its Showtime/The Movie Channel, Inc. joint to Viacom as well. [5] [6] In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [7] and the acquisition was completed on May 20, 1986. [8]
Showtime (TV network), a cable and satellite TV network headquartered in the U.S., part of the Paramount Global division called "Showtime Networks" Showtime Arabia , former dominant TV service in the Middle East and North Africa, has since been merged into a pay-TV network called "OSN"
On December 31, 2005, American mass media company Viacom split into two companies: the second CBS Corporation, its successor (the first being a short lived rename of Westinghouse Electric) which held the namesake flagship channel CBS, CBS News, CBS Sports, Showtime Networks, UPN (merged with The WB to form the CW, co-owned by Time Warner), Smithsonian Channel, Channel 10, PopTV, Simon and ...
On March 4, 1989, Warner Communications—which, through joint venture group Warner-Amex Satellite Entertainment, sold its interest in The Movie Channel parent Showtime/The Movie Channel, Inc. (now Showtime Networks) to Showtime founder and majority partner Viacom in 1986—announced its intent to merge with HBO parent Time Inc. for $14.9 ...
[8] [9] [14] [15] When the deal was completed on September 6, 1983, the operations of The Movie Channel and Showtime were folded into a new holding company, Showtime/The Movie Channel, Inc., which was majority owned by Viacom (controlling 50% of the venture's common stock as well as investing $40 million in cash), with Warner Communications ...