Film News: Network pays $12 million for 70 movies -- The Independent Film Channel has shelled out about $12 million for a package of 70 movies from Lionsgate, many of them TV premieres in the first network window.

More... (http://feeds.feedburner.com/~r/variety/news/film/~3/224986387/VR1117979759)

Sounds good to me.

Lionsgate puts out some pretty good stuff.