HBO, Par Pix extend licensing agreement

Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million.

HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the pay-cable giant around $ 500 million; that deal came at the start of what would ultimately turn into a battle with premium rival Showtime to sign exclusive agreements with the Hollywood studios.

Under the new, similar deal, HBO will have access to all Paramount films released theatrically through 1997, to be telecast on HBO and Cinemax.

While terms of the deal were not disclosed, the going rate for theatricals on the premium cable market has been about $ 6 million per title.

Since Par has averaged 19 pictures over the last three years, the new deal would cost roughly $ 575 million; The price could go up if Par has a string of hits.

More Film

  • Cats review

    Jennifer Hudson, Taylor Swift, James Corden Cast in Movie Version of 'Cats'

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

  • In this undated photo released by

    Six Thai Cave Rescue Films Now in Development

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

  • 'Far From the Tree' Review

    Film Review: 'Far From the Tree'

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

  • Jing Tian The Great Wall

    Hollywood May Win Quota Concession in China (Report)

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

  • Damascus Cover review

    Film Review: 'Damascus Cover'

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

  • No Merchandising. Editorial Use Only. No

    Shinobu Hashimoto, Scriptwriter for Akira Kurosawa, Dies at 100

    Home Box Office and Paramount Pictures have extended their six-year exclusive licensing agreement, set to expire this year, for four more years, the companies said yesterday. The new deal is estimated to be worth $ 575 million. HBO pacted in ’87 for exclusive rights to Par pix, in a deal estimated to have cost the […]

More From Our Brands

Access exclusive content