The Wall Street Journal: MGM seeks to buy out partners for sole ownership of Epix

MGM Holdings Inc. is near a deal to buy out its partners Viacom Inc. and Lions Gate Entertainment Corp. and take sole ownership of the pay-television channel Epix, people close to the talks said.

An agreement valuing Epix at a little more than $1 billion could be announced as early as next week, one person familiar with the matter said.

Epix has 8.8 million subscribers according to a 2016 report from SNL Kagan, far behind competitors like HBO and Showtime. For the year ending March 31, Epix had revenue of $413.8 million and net income of $166 million, according to a Lions Gate filing with the Securities and Exchange Commission.

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