MGM spends $1 billion to take full control of the Epix channel

EPIX has long been the baby of four studios (Lionsgate, MGM, Paramount and Viacom), but it’s about to have just one parent. MGM Studios has bought out the stakes of its partners for just over $1 billion, giving it full control over the internet-friendly, movie-focused TV channel. – Jon Fingas, Engadget