Viacom, MGM, Lionsgate Team for New Pay-TV/VOD Venture
Written by: Paul Sweeting of Content Agenda
Hulu who?
While Fox and NBC Universal focus on developing the Web as the next-generation distribution platform with their Hulu online joint venture, another group of studios announced Sunday that they will look to layer digital technology atop traditional cable and satellite platforms to create a new type of pay-TV and video-on-demand service.
The group includes Viacom Inc., its Paramount Pictures unit, MGM and Lionsgate. The service, as yet unnamed, will bow in the fall of 2009.
The new venture will have access to Paramount and Paramount Vantage titles released theatrically on or after January 1, 2008 and MGM, United Artists and Lionsgate titles released theatrically on or after January 1, 2009.
Read Paul’s full story HERE.
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