Viacom's Paramount Bails On CBS' Showtime, Starts Own Pay Channel
...Paramount, in conjunction with MGM and Lionsgate, is creating its own pay TV channel which will have exclusive access to the three companies' film libraries. Left out in the cold: Showtime, owned by Viacom's sister company CBS, which depended on those three companies for its entire film slate
The unnamed venture launches in fall 2009. At that...
