Three major companies Viacom, MGM, and Lionsgate will team up to launch a TV movie channel where it wil air new and old movies that were made through any of those companies. The channel will even air new movies such as “Iron Man”, “G.I. Joe”, etc. Including the classic ones like “Dirty Dancing” and others. The channel is expected to launch in the fall of 2009. This channel will be similar to HBO, Showtime, Cinemax, etc. A pay channel for cable movies.

More on it here:

http://www.reuters.com/article/domesticNews/idUSN2033302420080420

Am I reading this correctly? The channel plans on airing new movies before they are even out in theater?

If so, bad idea. The channel won’t last long because it’ll help make the new movies bomb in theater because they are being aired on TV.

Kev