Subscription TV’s Movie Network channels will cease to exist after December 31st.
Set to shut down are Movie One, Movie Two, FMC (Family Movie Channel), Movie Extra, Movie Greats and StarPics 1 & 2.
Studio Partners Time Warner, Disney, MGM & Village Roadshow announced their decision to end their joint venture partnership yesterday.
Around 40 Staff were told by management yesterday.
General Manager Peter Jenetsky told TV Tonight, “The Shareholders acknowledge that it is a disappointing outcome for the Management and Staff who after 12 years have achieved great success in building the Movie Network Channels business for their Studio and Subscription TV Distribution Partners.
“Personally I am extremely proud of the many accomplishments and accolades achieved by Movie Network Channels community during this time. We have been constant innovators in terms of our channels and services, formats and brands, productions, acquisitions and digital initiatives. Such accomplishments would not have been possible without the great support of our many and varied partners and collaborators who we have counted on time after time to make our ambitions come to fruition.
“Today was an exceedingly difficult day for all of us here at Movie Network Channels, and our first priority was to focus on the needs of colleagues and staff. I’m incredibly proud of each and every staff members professionalism, commitment and loyalty to this company, and never more than today when they received such devastating news.”
Original programming on Movie Networks has included Conspiracy 365 (pictured), The Jesters, Chandon Pictures, Small Time Gangster, Project Greenlight plus sponsorship of Tropfest, Movie Extra Webfest and AFI Awards.
The news follows Foxtel’s decision not to renew its movie contracts with suppliers while it prepares to launch its own movie channels, having recently purchasing Premium Movie Partnership (Showtime channels).
Foxtel Director of Television Brian Walsh recently told TV Tonight, “We will be rebadging those channels and reconfiguring the genre channels under movies and relaunching that service in early 2013.
“We’re holding our Upfronts event until the new year when we can publicly detail what our movies offerings will be and what our premium drama will be.
“We’ll have a new coat of paint, it will have a new name, it’s not going to be called Showtime.”