via press release:
OPEN ROAD FILMS AND SHOWTIME® ANNOUNCE MULTI-YEAR THEATRICAL OUTPUT DEAL
Showtime Networks Acquires Exclusive Multi-Platform Exhibition Rights For Films In The Premium Television Window
Los Angeles, CA – October 1, 2013 – Showtime Networks Inc. and Open Road Films today announced a multi-year agreement to bring movies distributed theatrically by Open Road Films exclusively to Showtime Networks and its multiplex channels including SHOWTIME®, THE MOVIE CHANNEL™ and FLIX® for the premium television window after their theatrical and home entertainment releases. The deal will begin in 2017 and continue through 2020. SHOWTIME subscribers will be able to watch all Open Road Films titles released in that window across all platforms including SHOWTIME ON DEMAND® and SHOWTIME ANYTIME®.
Open Road Films CEO Tom Ortenberg stated, “We are thrilled to join forces with Showtime Networks as a long-term partner for our films. SHOWTIME is a premiere destination for a large and diverse slate of entertainment properties and we are confident that our titles will thrive there.”
“Open Road is an ideal partner because of its commercial, entertaining films that are a perfect fit for premium television,” added Kent Sevener and Gary Garfinkel, Co-Heads of Content Acquisition, Showtime Networks Inc. “These films will bolster our theatrical line-up for years to come and further diversify our network’s rich slate of program offerings. We are very excited to be in business with Tom Ortenberg and his talented team.”
Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL™ and FLIX®, as well as the multiplex channels SHOWTIME 2™, SHOWTIME® SHOWCASE, SHOWTIME EXTREME®, SHOWTIME BEYOND®, SHOWTIME NEXT®, SHOWTIME WOMEN®, SHOWTIME FAMILY ZONE® and THE MOVIE CHANNEL™ XTRA. SNI also offers SHOWTIME HD™, THE MOVIE CHANNEL™ HD, SHOWTIME ON DEMAND®, FLIX ON DEMAND® and THE MOVIE CHANNEL™ ON DEMAND, and the network's authentication service SHOWTIME ANYTIME®. SNI also manages Smithsonian Networks™, a joint venture between SNI and the Smithsonian Institution, which offers Smithsonian Channel™. All SNI feeds provide enhanced sound using Dolby Digital 5.1. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV®.
About OPEN ROAD FILMS
Open Road Films is a dynamic, acquisition-based domestic theatrical distribution and marketing company which annually releases a diverse slate of star-driven motion pictures which has included multiple #1 releases. It was founded in 2011 by AMC Entertainment Inc. (AMC) and Regal Entertainment Group (Regal), the two largest theatrical exhibition companies in the United States. Open Road and its lenders recently extended the company's $100,000,000 credit facility through 2018.