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.