Sony Corp.’s Sony Pictures Television unit agreed to license a 500-title movie library to Starz Entertainment LLC, a unit of Liberty Media Holding Corp.
Starz gets exclusive rights to show select titles in Sony’s film library from 2008 through 2014, and can carry Sony films on its channels including the Encore network, the Englewood, Colorado-based company said today in a statement.
On the Internet, the company can begin offering the films starting next month through its Vongo video-on-demand service, the companies said in the statement. Terms weren’t disclosed.
Liberty Media Holding’s Capital group tracking stock rose 35 cents to $83.66 at 12:14 p.m. New York time in Nasdaq Stock Market composite trading. Shares of Tokyo-based Sony fell 40 yen to 4,730 yen today in Tokyo.
