Showtime Networks, Inc. is a subsidiary of American media conglomerate Paramount Skydance Corporation under its networks division that oversees the company's premium cable television channels, including its flagship namesake service. It was founded on September 6, 1983.
Overview
The company was established in 1983 as Showtime/The Movie Channel, Inc. after Viacom and Warner-Amex Satellite Entertainment (now Paramount Media Networks) merged their premium channels, Showtime and The Movie Channel respectively, into one division. In 1984, American Express sold their interest in Warner-Amex to Warner Communications (now Warner Bros. Discovery) making Warner the new half-owner of Showtime/TMC. In 1985, Warner sold its half-interest to Viacom, making the company a wholly owned subsidiary of Viacom. The acquisition was completed on May 20, 1986, along with MTV Networks. It also saw the pay-per-view service Viewer's Choice become part of the operation; it merged with rival PPV service Home Premiere Television in 1988, and Viacom ceded control to the cable companies that owned HPT (Viacom still held a stake until the 1990s). In 1988, the company was renamed Showtime Networks, Inc.