Lionsgate Commits To $31 Mil For New TV Service

  • August 13, 2008
Lionsgate has invested nearly $9 million in a start-up TV service and has "a mandatory commitment" to spend at least $31.4 million on it, reports Multichannel News. The joint venture of Lionsgate, Viacom's Paramount Pictures and Metro-Goldwyn-Mayer Studios launches in October, and will run all 17 James Bond movies. Talks are ongoing with cable operators about carriage.

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