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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) 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, 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 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, TriStar Pictures, Castle Rock and PolyGram Pictures. In addition, Showtime has announced a weekly line-up of provocative original movies featuring top-name talent such as Michael Caine, Bruce Dern, Louis Gossett, Jr., Raul Julia, Diane Ladd, Mary McDonnell, Vanessa Redgrave, Tom Selleck, Jimmy Smits and Jon Voight.

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
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 18, 1995
Words:421
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