MGM Buying Out Partners to Take Ownership of Epix

Viacom and Lionsgate sell for $1.03 billion
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Metro-Goldwyn-Mayer agreed to buy out its partners in Epix, the premium programming service.

Viacom and Lionsgate, which together owned 81% of Epix, will receive $1.032 billion.

MGM said CEO Mark Greenberg will remain in place at Epix.

Epix, launched in 2009, has four linear pay TV channels, which are available over cable, satellite and telco. It is also available through digital distributors.

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