March 12, 2010 / 12:37 AM / 10 years ago

DreamWorks films to play on Showtime

* Disney arranges deal on behalf of DreamWorks

* Agreement covers up to 35 films to 2015

LOS ANGELES, March 11 (Reuters) - CBS Corp’s (CBS.N) Showtime Networks Inc said on Thursday it has signed a deal to air movies from Steven Spielberg’s DreamWorks Studios, in a long-term agreement that could help restore content Showtime lost when three top studios started their own channel.

Showtime Networks reached its deal with the Walt Disney Co (DIS.N), which is handling distribution for privately held DreamWorks, a separate company from publicly traded DreamWorks Animation SKG Inc DWA.O.

Showtime will air up to 35 DreamWorks Studios movies between this year and 2015, the cable network said.

Showtime Networks Chairman and CEO Matthew Blank said in a statement that his company expects a “great supply of high-profile, commercially successful films” from Spielberg and DreamWorks Chief Executive Stacey Snider.

In 2008, Showtime lost movie content from three studios when Viacom Inc’s VIAb.N Paramount Pictures, Lions Gate Entertainment Corp LGF.N and Metro-Goldwyn-Mayer walked away to start their own premium pay channel. The studios’ Epix channel was launched last fall.

Showtime already has long-term deals with independent studios Summit Entertainment and the Weinstein Company.

DreamWorks upcoming movies include the comedy “Dinner for Schmucks,” which is due out this summer, and next year’s “The Adventures of Tintin: The Secret of the Unicorn,” directed by Spielberg. (Reporting by Alex Dobuzinskis: Editing by Bob Tourtellotte, Leslie Gevirtz)

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