MGM is about to become the sole owner of Epix with a deal to buy the stakes held by Viacom’s Paramount and Lionsgate that values the joint venture at $1.28 billion.
MGM agreed to pay $1.03 billion for Viacom’s 49.8% interest and Lionsgate’s 31.2% of the premium network business. The partners expect the deal to close this month, following approval by antitrust officials.
MGM chief Gary Barber says that Viacom and Lionsgate committed “to provide their theatrical releases…![]()
