×
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

  • Robert Walker Jr.

    'Star Trek' Actor Robert Walker Jr. Dies at 79

    Robert Walker Jr., son of actors Robert Walker and Jennifer Jones, died Thursday, his family confirmed to the official website for the television show “Star Trek.” He was 79. Walker Jr. is best remembered for playing the titular Charlie Evans in the “Star Trek” episode “Charlie X” from the show’s first season in 1966. His [...]

  • Los Angeles Lakers' LeBron James, right,

    TV Ratings: Why Is the NBA Shooting Air Balls?

    The NBA’s TV ratings so far this season have been far from all-star level. Viewership across ESPN, TNT and NBA TV is down 17% year-to-year overall, according to Nielsen figures. TNT’s coverage is averaging 1.3 million viewers through 14 telecasts, down 21% versus last year’s comparable coverage, while on ESPN the picture isn’t much prettier. The [...]

  • Claire Danes, Homeland

    TV News Roundup: Showtime Releases 'Homeland' Final Season Trailer

    In today’s TV news roundup, Showtime drops the trailer for the final season of “Homeland,” and National Geographic reveals the first look at Cynthia Erivo as Aretha Franklin in “Genius: Aretha.” FIRST LOOKS Showtime released the trailer for the final season of “Homeland,“ premiering Feb. 9. The eighth and final season, starring Claire Danes and [...]

  • 700700 + Ted Turner Dedication. December

    Ted Turner Tributes Established With WarnerMedia Gift to University of Georgia

    WarnerMedia has established a scholarship, internship program and exhibition hall at the University of Georgia to be named after maverick media mogul Ted Turner. The company has gifted $550,000 to the university to create the Ted Turner Scholarship Fund, for students attending the school’s Grady College of Journalism and Mass Communication, which is also the [...]

  • Claudia Eller, Co-Editor-in-Chief, Variety and Peter

    Peter Chernin: 'There's No Reason Hulu Shouldn't Be Netflix Today'

    The Chernin Group head and former News Corp. exec Peter Chernin believes that Hulu, not Netflix, should’ve been the dominant streaming platform of the modern era, blaming Fox and NBC for diminishing the streaming service he helped launch in 2007 in a joint venture with then-NBCUniversal chief Jeff Zucker. “The day we both left [around [...]

  • Golden Globes nominations predictions

    Golden Globes 2020 Predictions: What Movies and TV Shows Might Nab Nominations?

    Awards season kicks into higher gear on Monday, as the Hollywood Foreign Press Association announces nominations for its 2020 Golden Globe Awards, which cover the 2019 calendar year. Noms will give certain films momentum heading into the Oscar race, while it’s the first opportunity for many TV series to earn awards acclaim before competing for [...]

More From Our Brands

Access exclusive content