Thursday, March 27, 2008

FX buys cable rights to Universal slate


LOS ANGELES - FX Network inked a deal Wednesday to buy the basic cable television rights to more than a dozen movies released by Universal Pictures this year.

The deal by the News Corp. cable channel is estimated to cost about $100 million and cover about 15 movies, but those figures may change depending upon how the films fare at the box office.

The package includes already-released films "Jarhead" and "Definitely, Maybe" and upcoming movies like the third installment in "The Mummy" series due this summer and "Forgetting Sarah Marshall."

Universal, a unit of General Electric Co.'s NBC Universal, said the deal is the first time the studio sold such a large slate of films to a basic cable channel.

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