Showtime Networks (SNI) and Paramount Pictures announce exclusive output deal; most exclusive titles ever in single pact for the Premium Network.NEW YORK--(BUSINESS WIRE)--May 18, 1995--Showtime Networks Inc. (SNI (1) (Subscriber Network Interface) The point of interface between the customer's equipment (CPE) and a communications service from a common carrier.(2) (SNA Network I ) and Paramount Pictures have entered into an agreement under which SNI has agreed to acquire the exclusive U.S. premium television rights to 196 of the studio's feature film titles, the most ever for a single studio output deal for SNI. The deal encompasses Paramount Pictures' theatrically released titles beginning Jan. 1, 1998, for a period of at least seven years. This new agreement was announced today by Matthew C. Blank, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Showtime Networks Inc. and Jack Waterman, president, Worldwide Pay Television, Paramount Pictures. In addition, the deal also includes 300 titles from the Paramount Pictures' film library. Making the announcement, Matthew Blank stated: "This agreement complements our already strong line-up of exclusive titles and allows us to provide outstanding feature film product to our subscribers well into the next century. Paramount Pictures is a proven supplier of critically acclaimed and successful feature films. We have the utmost respect for Jonathan Dolgen, Sherry Lansing Sherry Lansing (born July 31, 1944 in Chicago, Illinois as Sherry Lee Heimann) is the former CEO of Paramount Pictures and the first woman to head a major studio. In 2001 she was named one of the 30 most powerful women in America by Ladies Home Journal. and their team at Paramount. They have a terrific track record of producing and marketing feature films of the highest caliber." "We are extremely pleased to be in business with our colleagues at Showtime Networks," said Jack Waterman, "and trust that this strategic alliance between our companies will result in long-term sustained growth for SHOWTIME while providing Paramount with unprecedented access to the pay TV marketplace well into the next century." This new long-term relationship with Paramount further complements the exclusive line-up of theatrical films to be seen on SNI's services. SNI also presents exclusive hits from studios including Disney's Touchstone/Hollywood Pictures, MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. , TriStar Pictures
Showtime Networks Inc. (SNI), a unit of Blockbuster Entertainment Group which is wholly owned and operated by Viacom Inc., owns the premium television networks SHOWTIME, THE MOVIE CHANNEL and FLIX, as well as Showtime Satellite Networks, and manages SET (Showtime Event Television), Pay Per View, and, through a joint venture, All News Channel. SHOWTIME en Espanol, a separate audio feed of SHOWTIME designed to meet the needs of the growing Hispanic audience, launched in September 1994. Paramount Pictures is part of the entertainment operations of Viacom Inc. CONTACT: SHOWTIME Nancy Glauberman, 212/708-1555 or Robin McMillan, 818/505-7703 or PARAMOUNT PICTURES Jim Arnold, 213/956-5767 |
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