Epix has long been the baby of four studios (Lionsgate, MGM, Paramount and Viacom), but it’s about to have just one parent. MGM has bought out the stakes of its partners for just over $1 billion, giving it full control over the internet-friendly, movie-focused TV channel. The move will still see Lionsgate and Paramount supplying first-run movies as part of “multi-year” deals, so don’t panic about a sudden dearth of content — this is more about a changing media landscape than any kind of feud. The acquisition should close later in April. In unveiling the deal, Epix chief Mark Greenberg is quick to acknowledge that the “priorities have evolved” for some of its soon-to-be-ex partners. While he doesn’t go into detail, Lionsgate just bought Starz — why would it split its attention between two networks that accomplish similar goals, both online and off? Viacom, meanwhile, is backing away from offering its freshest content on streaming services as it worries about getting its finances back in order. You probably don’t have to worry about Epix’s long-term future, but don’t be surprised if you see a greater emphasis on MGM’s media offerings than before. Source: MGM
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MGM spends $1 billion to take full control of the Epix channel
In late February, YouTube unveiled its live TV service called YouTube TV, which offers live TV streaming over the internet for $35 per month with no long-term contract required. The company has officially launched the service today in five select markets: New York, Los Angeles, San Francisco Bay Area, Chicago, and Philadelphia. YouTube says that more markets are coming soon, however, details on when/where are scarce. PhoneDog reports: A membership to YouTube TV costs $35 per month and includes live streaming of channels like ABC, CBS, Fox, NBC, ESPN, and others. Subscribers also get an unlimited cloud DVR for recording shows that’ll last up to nine months, and six accounts that each get their own recommendations and cloud DVRs. YouTube is offering a free one-month trial of YouTube TV so that everyone can give it a try. After your first paid month, YouTube will give you a Google Chromecast to thank you for sticking with the service. Source: YouTube Official Blog Read more of this story at Slashdot.