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In 2000, Showtime launched "Showtime Interactive 24.7", a service that provided DVD-style interaction of its entertainment offerings.

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Under the revised proposal, the four studios would each own a 22.58% stake in the two networks, with American Express owning a 9.68% minority interest.

In addition, the consortium would appoint a management team separate from those employed by the two channels – which would continue to operate as separate services – to operate the joint venture.

Subsequently, in late December of that year, the U. Department of Justice (which had blocked a similar attempt by MCA, Gulf Western, 20th Century Fox and Columbia Pictures to create a competing pay service, Premiere, in an antitrust case ruling two years earlier in January 1981) launched a routine preliminary inquiry into the proposed partnership.

On January 7, 1983, Viacom International added itself as a partner and drafted an amendment to the proposal to consolidate The Movie Channel with Showtime.

When the deal was completed on September 6, 1983, the operations of The Movie Channel and Showtime were folded into a new holding company, Showtime/The Movie Channel, Inc., which was majority owned by Viacom (controlling 50% of the venture's common stock as well as investing $40 million in cash), with Warner Communications (which owned 31%) and Warner-Amex (which owned the remaining 19% interest) as minority partners.

As the consolidation of its operations with The Movie Channel was ongoing, in 1983, Showtime increased its national distribution on cable providers when competing premium service Spotlight ceased operations, effectively absorbing that channel's subscriber base.

the sale of Group W's stake in the channel occurred as the company had entered into a partnership with Walt Disney Productions (now The Walt Disney Company) to develop a competing premium service, The Disney Channel (Group W dropped out of the joint venture that September, due to disagreements over creative control and financial obligations).

1982 saw the premiere of Showtime's first made-for-cable movie Falcon's Gold and its first original series and children's program Faerie Tale Theatre. (then-owner of Universal Pictures), Gulf Western (then-owner of Paramount Pictures) and Warner Communications reached an agreement to jointly acquire The Movie Channel (TMC), in which the three companies combined would acquire a controlling 75% interest in the service (with each holding a 25% ownership stake) from Warner-Amex Satellite Entertainment.

Subscribers to the separate premium film service The Movie Channel, which is also owned by CBS Corporation, do not necessarily have to subscribe to Showtime in order to receive TMC; both The Movie Channel and co-owned fellow movie service Flix are typically sold together in a package (although in the case of Flix, this depends on whether that channel is carried on a particular television provider), though Direc TV and Dish Network alternately sell TMC through a separate film tier; this package was known in the late 1990s and early 2000s as Showtime Unlimited (and sometimes included Sundance TV when it was the Sundance Channel, as Showtime held a stake in it during the era).

The flagship channel; Showtime features blockbuster movies, first-run feature films, stand-up comedy specials and documentaries, championship boxing and mixed martial arts events.

The channel also carries original series, with newer episodes primarily being shown on Sunday and Monday evenings.

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