Hollywood power couple Mark Burnett and Roma Downey are launching a faith-and-family entertainment broadcast network next month.
Light TV will air on Fox stations and affiliates and capitalize on MGM's film and TV library.
According to a release Wednesday, the round-the-clock network will feature "wholesome family and faith-based" properties, including the films "Rocky" and "Fame" and the TV series "Highway to Heaven."
Reality TV producer Burnett is known for shows including "The Apprentice," ''The Voice" and "Survivor" and Bible-based miniseries. He is president of MGM Television and Digital.
His wife, who starred in "Touched by an Angel," is president of LightWorkers, Media, a division of MGM.
Light TV will launch in December in more than a dozen major TV markets including New York City, Los Angeles, Chicago, Philadelphia and Dallas.
Recently, Burnett was drawn into presidential politics because of President-elect Donald Trump's former role as host of "The Apprentice." The release of "Access Hollywood" audio tape from 2005 with vulgar Trump comments about women led to calls for Burnett to make public any unaired material that might be of interest in the campaign.
But MGM said in October that it owns the reality show, not Burnett, and could not unilaterally release any unaired, archived material due to existing contractual obligations.
In the same joint statement, Burnett said he has never been a supporter of Trump's candidacy. He said he felt compelled to issue that statement because of what he called "false media reports" about his supposed support. He said that he and his wife "reject the hatred, division and misogyny" that have been "a very unfortunate part" of Trump's campaign.
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.
Kyoto-based Nintendo Co. reported a 108.7 billion yen ($715 million) profit for the April-September period, as sales slipped 34% from the previous year to 523 billion yen ($3.4 billion).
More than 74% of its sales revenue came from overseas, according to Nintendo, which didn't break down quarterly numbers.
Global Switch sales during the period dropped to 4.7 million machines from 6.8 million units the previous year.
But Nintendo said in a statement that Switch sales were still growing and vowed to stick to its goal of selling a Switch console to each and every individual, not just one Switch per every household.
Nintendo stuck to its earlier projection for a 300 billion yen ($2 billion) profit for the full fiscal year through March 2025, down nearly 29% from the previous fiscal year.
Annual sales were forecast to drop 23% to1.28 trillion yen ($8.4 billion).
It also lowered its Switch sales projection for the fiscal year to 12.5 million units from an earlier forecast to sell 13.5 million.
Nintendo and other game and toy makers rake in their biggest profits during the Christmas shopping season, as well as New Year's, a holiday celebrated with fanfare in Japan, when children receive cash gifts from grandparents and other relatives.
Nintendo has not yet announced details on a successor to the Switch.
Among its million-seller game software titles for the fiscal half were "Paper Mario RPG," which sold 1.95 million units since going on sale in May, and "Luigi Mansion 2... Read More