Go, and will cost $65-$70 million. In November 1986, HBO signed an agreement with De Laurentiis Entertainment Group for films that ran between 1987 and 1990, along with a three-year home video rights contract for sister label HBO/Cannon Video. In December 1986, HBO signed a pact with Soviet Union producer Poseidon Films, in order to cover Soviet-based films that covered a non-specific timespan, with the network controlling US and Canada rights. In July 1987, HBO signed a five-year, $500-million deal for exclusive rights to 85 Paramount Pictures films to have been tentatively released between May 1988 and May 1993. (This solidified an existing alliance with Paramount dating to 1979, for the non-exclusive rights to the studio's films.) Though this contract would herald the end of its embargo on new film exclusivity deals, HBO's then-CEO Michael Fuchs cited Showtime–The Movie Channel parent Viacom (which, at the time, had debt in excess of $2.4 billion) for it having to obtain exclusivity for the Paramount package, which the studio approached HBO directly to bid. The Paramount package remained with HBO/Cinemax until December 1997; Showtime assumed the pay-cable rights to the studio's films in January 1998, under a seven-year deal reached as a byproduct of Viacom's 1994 purchase of Paramount from Paramount Communications, and held them until December 2008. (Shared rival Epix—created as a consortium between Paramount/Viacom, Lionsgate and now-sole owner MGM—took over pay television rights upon that network's October 2009 launch.) In March 1995, HBO signed a ten-year deal with the then-upstart DreamWorks SKG valued at between $600 million and $1 billion, depending on the total output of films and generated revenue during the contract, covering the studio's tentative releases between January 1996 and December 2006. By result of the 2004 spin-off of its animation arm DreamWorks Animation into a standalone company, DreamWorks' pay-cable distribution rights were split up into separate contracts: in March 2010, Showtime acquired the rights to live-action films from the original DreamWorks studio (coinciding with the transfer of co-production agreement from Paramount Pictures to Touchstone Pictures, then a Showtime distribution partner) for five years, effective January 2011. Then in September 2011, after HBO agreed to waive the last two years of its contract, Netflix acquired the DreamWorks Animation contract effective upon the December 2012 expiration of the HBO deal. (Prior to the 2015 launch of HBO Now, HBO required its studio output partners to suspend digital sales of their