Showtime And The Weinstein Sign Deal
Showtime And The Weinstein Sign Deal
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CBS Corp.’s pay-TV holding, Showtime Networks Inc., announced on Monday that it has accepted to exclusively broadcast movies produced by The Weinstein Co. for seven years, starting with 2009.

The deal comprises 95 movies, including titles such as Quentin Tarantino’s freshly revealed World War Two production “Inglorious Bastards” and the musical “Nine”, directed by Rob Marshall and starring well-known Daniel Day-Lewis, Nicole Kidman and Penelope Cruz.

Showtime, which is benefitting from the popularity of original series such as “Weeds,” “Californication”, “Dexter,” and “The Tudors”, formerly had an agreement with MGM, Paramount and Lionsgate. However, those studios teamed up three months ago in order to form a competing pay TV channel, to some extent in consequence of the parsimonious stipulations that Showtime was attempting to obtain from them.

Showtime had been looking for new movie providers when they found the Weinstein Co., which had not had a good chance at the box office since leaders Bob and Harvey Weinstein initiated the company almost three years ago after dissolving their connections with Miramax.

Officials from both corporations refused to give details upon the financial terms of the pact. Nevertheless, according to the Wall Street Journal, if Weinstein Co.’s movies enjoy success at the box office, the deal could be worth $500 million to $700 million to the studio over seven years, as said by individuals familiar with the settlement. However, if the films perform badly, it could be worth much less, these people say.




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