MGM, Rainbow Media in Cable Deal13 Aug, 2003 By: Hive News
Rainbow Media Holdings and MGM have forged new licensing agreements that will let Cablevision subsidiary Rainbow offer more than 450 feature films on its cable networks and via subscription video-on-demand (SVOD).
Among the movies in the deal are Annie Hall, Platoon, The Birdcage, Raging Bull, Dirty Rotten Scoundrels, The Silence of the Lambs, Fargo, Some Like it Hot, Four Weddings and A Funeral, Ronin, Legally Blonde, Midnight Cowboy, The Terminator, Mystic Pizza,Thelma and Louise, Of Mice and Men, The Usual Suspects and the Rocky series.
Rainbow will receive the films from MGM with various windows of exhibition on its national services, including AMC, IFC (The Independent Film Channel) and WE: Women's Entertainment.
The deal includes specific rights for SVOD exhibition of the films on the Rainbow services in the video-on-demand (VOD) market. The licensing terms begin in 2004 and continue through 2020.
"This exceptional library of MGM films will greatly enhance the programming on three of our networks," said Rainbow president and CEO Joshua Sapan. "Moreover, as we look at the future of television and the growing popularity of on-demand services, we have strengthened our programming position through this agreement and opened additional opportunities for future SVOD (subscription video-on-demand) services.”