CBS has reached an agreement with Lionsgate to buy out its 50 percent stake in cable TV network Pop.
The network, which airs series like “Schitt’s Creek,” had previously been a 50-50 venture between the two companies.
In a memo announcing the acquisition, CBS chief content officer David Nevins said that Pop will be further integrated into CBS Corp’s marketing and content initiatives, but will still “continue on its path of developing idiosyncratic, comedy-leaning original programming for the network. We also see Pop as another important outlet for CBS-produced content, both original series and secondary runs of off-network and library programming.”