Sony Reportedly To Launch Two Movie Channels Later This Year

Sony (SNE) plans to launch two new movie channels later this year, according to the Los Angeles Times, which cites “people familiar with the plans.”

One of the channels, tentatively called Sony Pictures Movies HD, would be the company’s first wholly owned cable channel in the U.S. devoted to movies. The channel is expected to debut October 1; it would be a basic cable service, and not compete in the pay TV market with HBO and Showtime.

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