Log in to your IBTimes Account

close
ID
Password

FX Buys Cable Rights to Universal Slate



26 March 2008 @ 10:27 pm EST

LOS ANGELES (AP) - News Corp. cable channel FX Network says it has inked a deal to buy the basic cable television rights to more than a dozen movies released by Universal Pictures this year.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
NWS 19.99 0.13
GE 32.13 -0.24

SYMBOL LOOKUP

The deal is estimated to cost about $100 million and cover about 15 movies, but those figures may change depending upon how the films fare at the box office.

The package includes already-released films "Jarhead" and "Definitely, Maybe" and upcoming movies like the third installment in "The Mummy" series due this summer and "Forgetting Sarah Marshall."

Universal, a unit of General Electric Co.'s NBC Universal, says the deal is the first time the studio sold such a large slate of films to a basic cable channel.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
American International Group Inc is set to establish a global shared services and data centers in Malaysia through one of its subsidiaries, the company s...
Negotiators for union mechanics and bag handlers at American Airlines have rejected a contract proposal from American Airlines that called for lump-sum p...
Human rights activists "ethically and morally" condemned 24 European corporations on Friday, accusing them of environmental contamination, labor exploita...

Advertisement
Latest Investing Research Reports

Find the most up to date research from leading investment firms to make the most informed investing decisions

Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives