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FX To Buy Big Universal Pictures Package

Cable net FX has made a deal for basic cable television rights to more than a dozen movies released by Universal Pictures this year. With an estimated tab of $100 million, the pact will include 15 movies--although that could change, depending on how each film does at the box office. The negotiated package includes already-released movies like "Jarhead" and "Definitely, Maybe," along with upcoming movies like the next installment of "The Mummy" and "Forgetting Sarah Marshall." Universal is a unit of General Electric Co., and notes this is the first time its studio has sold this large a bundle of films to a basic cable channel.

Read the whole story at Associated Press via Yahoo »

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