Metro-Goldwyn-Mayer (MGM), Viacom Inc. and Lionsgate, the founding members of premium pay-television network EPIX, yesterday announced an agreement for MGM to acquire the 80.91% aggregate membership interests in EPIX held by Viacom, Paramount and Lionsgate for approximately $1.032 billion, based on a total value for the company of $1.275 billion (inclusive of $75 million of distributions to the partners).  Viacom and Lionsgate currently own 49.76% and 31.15% equity interests, respectively.

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