Showtime Networks Inc. (SNI), a wholly-owned subsidiary of CBS Corporation, owns and operates the premium television networks SHOWTIME®, THE MOVIE CHANNEL^TM and FLIX®, as well as the multiplex channels SHOWTIME 2^TM, SHOWTIME® SHOWCASE, SHOWTIME EXTREME®, SHOWTIME BEYOND®, SHOWTIME NEXT®, SHOWTIME WOMEN®, SHOWTIME FAMILY ZONE® and THE MOVIE CHANNEL^TM XTRA. SNI also offers SHOWTIME HD^TM, SHOWTIME 2 HD^TM, THE MOVIE CHANNEL HD^TM, SHOWTIME ON DEMAND®, THE MOVIE CHANNEL ON DEMAND^TM and FLIX ON DEMAND®. SNI also manages Smithsonian Networks^TM, a joint venture between SNI and the Smithsonian Institution which recently launched SMITHSONIAN CHANNEL^TM. All SNI feeds provide enhanced sound using Dolby Digital 5.1. SNI markets and distributes sports and entertainment events for exhibition to subscribers on a pay-per-view basis through SHOWTIME PPV®.