The channel, that will present/display coming films like “Iron Man” and “GI Joe” and classic successes like the tax exemption “James Bond” of MGM and “Dirty Dancing” of Lionsgate, anticipates its launching in autumn of the 2009.
One does not hope that Lionsgate and MGM renew their present contracts with Showtime, when these expire by the end of year. The contract of Paramount with Showtime finalized in the 2007 and it has not been renewed, said the company.
Viacom was separated of CBS in the 2006 to appeal to different classes from shareholders. Both are controlled by the tycoon of the means Sumner Redstone. Nobody of CBS was available to comment immediately on the matter.
The financial details of the joint company were not developings, but Viacom said that its division MTV Networks will offer promotional services and others.
The films and programs of the respective studies will put at the disposal of the new channel and services with base exclusively during a period, with some exceptions.
The contract of Paramount with director Steven Spielberg for “Indiana Jones and the Kingdom of the Crystal Skull” requires that it becomes available to the postor major for television, for example.