Home deals MGM in Talks to Pay Over $1 Billion for Cable Channel Epix

MGM in Talks to Pay Over $1 Billion for Cable Channel Epix

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Photo via Bobak Ha'Eri on Wikimedia Commons under the Creative Commons License

Bloomberg reports: “MGM Holdings Inc., the movie studio behind the James Bond film franchise, is in discussions to acquire control of premium movie channel Epix for more than $1 billion, people familiar with the situation said. Beverly Hills, California-based MGM would be buying out the other two stakeholders in the company — Viacom Inc and Lions Gate Entertainment Corp — and a deal could be announced as soon as next week, said one of the people, who asked not to be identified because the talks are private.”

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