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Two weeks later on August 26, Viacom acquired Warner Communications and Warner-Amex's combined 50% ownership interest in Showtime/The Movie Channel, Inc. as well as full ownership of the Warner-Amex and public shareholder interests in MTV Networks for $671.7 million, giving Viacom exclusive ownership of both networks and once again making it ...
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.
This gave Viacom exclusive ownership of both premium channels through its $500 million cash payment and acquisition of 1.625 million shares for Warner's 31% stake in Showtime/The Movie Channel, and Warner-Amex's 19% interest in the unit and its 60% interest in MTV Networks (Viacom had owned Showtime alone or jointly with other companies ...
Showtime Women-- The Movie Channel: 1973 - Yes Launched as Warner Star Channel, and later known as Star Channel The Movie Channel Xtra: 1997 - Yes Launched as The Movie Channel 2 Starz: Lionsgate : 1994 - Starz Cinema: 1999 - Starz Comedy: 2005 - Starz Edge: 1996 - Formerly known as Starz 2 and Starz Theater Starz in Black: 1997 -
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. [6] [7] In November 1985, Viacom announced that it had plans to buy the remaining 69% of MTV Networks from Warner for $326 million, [8] and the acquisition was completed on May 20, 1986. [9]
The channel had initially broadcast films from Warner Bros. Pictures (owned by Time Warner, which ironically is the parent company of rival pay services HBO and Cinemax), Columbia Pictures/TriStar Pictures, Orion Pictures, 20th Century Fox, The Samuel Goldwyn Company, Paramount Pictures (which also ironically came under ownership of Showtime ...
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 ...
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; Tempo – sold to Frederick Morton Jr. in 2007; TriStar Pictures – joint venture with Time Inc.'s HBO and Columbia Pictures. In 1985, CBS sold a small percent of ...