You will be redirected back to your article in seconds

MGM in Talks to Buy Out Epix Partners Lionsgate, Viacom (Report)

MGM is reportedly in talks to buy out partners Lionsgate and Viacom and become sole owner of premium cable channel Epix.

MGM currently owns 19% of Epix, while Viacom owns 50% and Lionsgate own the remaining 32%. Following its acquisition of premium network Starz last year, Lionsgate indicated that it would look to unload its stake in Epix. Viacom, meanwhile, has $12 billion in debt that it has promised to pay down — a goal that an Epix deal would help achieve.

News of the possible deal was first reported Thursday by Reuters.

According to Reuters, a possible deal would likely include Paramount and Lionsgate agreeing to continue to distribute their movies through Epix for several years to come. Epix, which includes a companion digital streaming service, would reportedly be valued between $1 billion and $2 billion.

A representative for MGM declined to comment.

Epix was launched in 2009 as a partnership between Viacom-owned Paramount, MGM, and Lionsgate, as a premium outlet for films from the three studios. Speaking to Variety last year, Epix CEO Mark Greenberg said, “When we launched Epix we knew that linear TV was just one platform. Digital was a way of giving people more choice and more convenience. It’s not that different from the old days of going to a Blockbuster store. We’ve just put it in the cloud.”

Epix has recently ventured into original scripted programming with series such as “Graves” and “Berlin Station,” both of which premiered last year and have been renewed for second seasons.

More TV

  • ‘Hitsville: The Making of Motown’ Acquired

    ‘Hitsville: The Making of Motown’ Acquired by Showtime for U.S.

    Polygram Entertainment, Universal Music Group’s film and television division, along with Capitol Music Group, Motown Records and Fulwell 73 announced today that “Hitville: The Making of Motown” has been acquired by Showtime for release in North America with plans for a fall premiere, and Altitude for theatrical release in the UK and Ireland. The feature-length [...]

  • Game of Thrones Cast

    What's Next for 'Game of Thrones'' Cast Members

    Eight years and eight seasons later, the “Game of Thrones” cast finally has some downtime to relax or move onto other projects. Some stars, like Kit Harington, who told Variety that he doesn’t plan on taking another role as physically demanding as Jon Snow, certainly deserve a break, but others have wasted no time getting back on [...]

  • 'Fleabag' Season 2 Review: How Its

    'Fleabag': Season 2’s Top 10 Breaks From Reality, Ranked (Column)

    The searing first season of “Fleabag” felt like a complete story in and of itself. As adapted from Phoebe Waller-Bridge’s one-woman show, the series expanded on the world of a woman wild with lust and grief with such expert ease that by the time it ended, even Waller-Bridge herself was sure that it was the [...]

  • Richard Madden Says 'Game of Thrones'

    Richard Madden Says the 'Game of Thrones' Cast Deserves a Medal

    Richard Madden is thankful for his time on “Game of Thrones,” but is also happy to have been able to move on when he did. The “Bodyguard” star sat down with “Sharper Objects'” Amy Adams for Variety’s Actors on Actors, where he expressed some incredulity at the idea of spending so long with just one [...]

  • MEET THE PRESS -- Pictured: (l-r)

    Submissions Now Welcome for Third 'Meet the Press' Film Festival

    Chuck Todd’s quest to bring “Meet the Press” to the movies continues. The third annual Meet the Press Film Festival, held in collaboration with the American Film Institute, will take place on October 6 and 7 in Washington, D.C., and remains a haven for issue-focused documentary shorts. Todd believes the event serves a critical mission: [...]

  • Winner of the 2019 Eurovision Song

    Netherlands' Duncan Laurence Wins 2019 Eurovision Song Contest

    Madonna’s controversial performance may have grabbed the headlines, but Duncan Laurence won the nearly four-hour-long 2019 Eurovision Song Contest for the Netherlands with the song “Arcade,” which he cowrote with Joel Sjöö and Wouter Hardy. Laurence won a total of 492 points from the expert juries and televoters in a contest that was touch and [...]

More From Our Brands

Access exclusive content