In an announcement made Monday by the two companies, Lionsgate has agreed to buy TV Guide and TV Guide Network from Macrovision Solutions Corp for $255-million. Lionsgate will make the payment with existing cash and available funds.

While, Macrovision sells digital entertainment technology, Lionsgate produces movie and television programme, both firms in a joint statement reveal the closing is not subject to financial performance requirements.

TV Guide Network, which is available in 83-million cable and satellite homes, is low priced as cable real estate goes. However, for Lionsgate, the chance to grab a big piece of established cable real estate at a hot sale price was too good an opportunity, to let it pass.