Curtain to Fall on Showtime Home Entertainment3 Mar, 2006 By: Editorial Staff
Showtime Home Entertainment is winding down.
Sources say that in June or July, the home entertainment division of Showtime Networks, which Viacom bought in 1985, will be completely absorbed by CBS Video, which Paramount Pictures Home Entertainment distributes. All Showtime titles will then be distributed by Paramount.
Already, Showtime VP of sales Tom Sykes has left the company to start his own DVD supplier, New Light Entertainment, which in turn has signed a distribution agreement with Universal Music & Video Distribution.
Folding Showtime into CBS is an outgrowth of Viacom's split, completed last Jan. 1, into two publicly traded companies, Viacom Inc. and CBS Corp.
The “new” Viacom consists of MTV Networks, BET, Paramount Pictures, Paramount Pictures Home Entertainment, Famous Music and, now, DreamWorks SKG.
CBS consists of CBS Television Network, UPN (which is merging with the WB), CBS Radio, Viacom Outdoor, Viacom Television Stations Group, Paramount Television, King World, Simon & Schuster, Showtime and Paramount Parks.