It’s never bad to have some healthy competition. MGM, Lionsgate and Viacom are getting ready to launch a premium channel to compete with HBO and Showtime. Currently planned to go live in autumn 2009, the channel will feature newly produced series, as well as movies like the upcoming ‘Iron Man.’

Since some say HBO has lost its edge, it might be a good thing and get them some focus. Or has the time come for somebody else to take over?