Report: MGM in Talks to Purchase Epix Stakes

Viacom, Lionsgate negotiating to sell interest in premium net

MGM is in early talks with Viacom and Lionsgate to purchase their stakes in Epix, in a deal that would value the premium channel at between $1 billion and $2 billion, according to Reuters.

Reuters added that it was still early in the talks, so completion of the deal is not guaranteed. MGM already owns an 18.8% interest in the channel.

But Viacom and Lionsgate, which own 50% and 31.2% of the movie channel, respectively, have been hinting about a sale for months. Last year Lionsgate CEO Jon Feltheimer said the content company was having “conversations” with its partners about its Epix stake, adding that the premium channel was not a strategic platform for the company. Lionsgate’s interest in the channel waned especially after it purchased rival premium network Starz for $4.4 billion in June.

Viacom also has been a motivated seller as it has looked to streamline and sell off non-essential assets.

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