Showtime shake-up; fewer films, more series?
Paramount, Lionsgate and MGM are launching a new premium cable channel next year that will likely strip Showtime of much of its theatrical movie content. Showtime was originally a sister company to Paramount until 2006 when Viacom president and CEO Les Moonves split the two companies into separate entities.
This is actually a natural progression for the bigger name cable channels. As they develop more original content, they no longer need to rely on the movie studios to provide content for them. This is a far cry from the early days of cable television when HBO and Showtime were known as the channels from which you could watch R-rated movies in the comfort of your own home.