1.0 link 97663 <![CDATA[Studios Launch New Rival To Showtime, HBO]]> http://www.huffingtonpost.com/2008/04/20/studios-launch-new-rival_n_97663.html Paramount Pictures, Metro-Goldwyn-Mayer Studios Inc. and Lionsgate today announced a joint venture to create a premium television channel that will draw on their extensive libraries and on new feature-film and TV production.

The as-yet-unnamed venture, scheduled to launch in September 2009, will take advantage of the fact that the studios all will be contractually free of obligations to other networks or premium-TV distributors, according to Philippe P. Dauman, chairman of Paramount's parent company, Viacom Inc.

Dauman, in an interview today, called the...

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