Paramount Ready to End Movie Sales to Showtime - New York Times

Paramount Ready to End Movie Sales to Showtime - New York Times: "The sibling rivalry that is Sumner M. Redstone’s media empire turned more fractious on Sunday, as Viacom’s Paramount Pictures movie studio said it would start its own premium television channel, ending a longstanding relationship in which it sold its movies to CBS’s Showtime.

Unable to reach terms with Showtime, Paramount said it would join forces with two other studios, MGM and Lionsgate, to introduce a premium channel and video-on-demand service beginning in the fall of 2009."