New York - Studio 3 Networks, the pay-TV movie channel joint venture between MGM, Paramount Pictures (NYSE: VIA) and Lionsgate, will first launch the service as a subscription-only website in May before coming to TV systems in October, The Wall Street Journal reported. The Epix service, which has not yet secured any carriage agreements with cable or satellite TV service providers, will debut with over 15,000 titles.

Los Angeles - RealD, a provider of digital 3D cinema projection systems, said on Monday that its theaters brought in 71% of the total box office for Lionsgate's "My Bloody Valentine 3D," which made $27 million in its first week of release. The company also stated that opening week 3D screens for the film outperformed 2D screens by 6 to 1.

Santa Clara, Calif. - Terminating a deal struck last month to sell its TV Guide Network to Allen Shapiro and One Equity Partners, Macrovision (NASD: MVSN), the provider of copy-protection technology and media databases, said that it will instead sell the network to film studio Lionsgate for $255 million, the same price as the original deal. The sale, expected to close by the end of February, includes both TV Guide Network, available in 83 million homes, and TVGuide.com, an online entertainment destination with over 15 million monthly unique visitors.