August 17, 1988 |
Viacom Inc., a diversified television company with interests ranging from MTV to "The Cosby Show," said Tuesday that it would sell two major cable systems and a 5% stake in its Showtime/Movie Channel unit for $575 million to reduce its heavy debt load. Viacom said it was selling the systems in Cleveland and Long Island, N.Y., and a stake in the movie channels to Cablevision Systems Corp. of Woodbury, N.Y., only because it wanted the cash.
March 3, 1999 |
There's a new player in feature films these days, a production company that is attracting big-name actors and directors, tackling difficult material and, with the three Oscar nominations nailed by "Gods and Monsters" earlier this month, even winning academy recognition. The new force in the movie business? An old stalwart in the television business: Showtime.
May 26, 2000 |
Those who thought that Rick Rockwell and Darva Conger signified the end of civilization as we know it may be surprised to learn that Britisher Nevil Shute made an even brawnier statement about our potential for self-destruction in his novel "On the Beach." Now it's a sinewy TV movie.
February 13, 1997 |
"This man endured what most men cannot even contemplate," Sidney Poitier says of the indomitable South African leader Nelson Mandela. Poitier stars as the man who became an international symbol of freedom in Showtime's "Mandela and De Klerk," which can be seen Sunday. Shot on location in South Africa last year, the docudrama chronicles Mandela's harrowing years as a political prisoner to his election as leader of the new democratic nation in 1994.
March 6, 1996 |
Showtime Buys Stake in Phoenix Pictures: The cable channel, owned by Viacom Inc., agreed to spend more than $10 million for an 11% stake in Phoenix Pictures, led by longtime studio executive Mike Medavoy and his partner Arnie Messer. As part of the deal, which hinges on Phoenix's being able to close a financing arrangement with Chemical Bank, Showtime will acquire pay-television rights to as many as 40 films over seven years released through 2002.