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IFC owner Rainbow buys Sundance Channel

Rainbow Media Holdings, the Cablevision subsidiary which owns The Independent Film Channel (IFC), has reached an agreement to acquire The Sundance Channel for $496m, bringing together the two channels under the same umbrella in a move which could have major implications for film sellers worldwide.Sundance and IFC have long been rivals in the business of specialty film programming and they were traditionally the only consistent TV outlets for independent and foreign films in ...

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