The story
LAPTV was formed as a partnership between Metro-Goldwyn-Mayer, Paramount Pictures, and Fox in Latin America in 1993 with Universal Studios joining later. On May 22, 2012, Fox International Channels acquired MGM's stake in LAP TV. In March 2013, Fox purchased Paramount's position in the company, thus becoming the sole owner of LAP TV, and sign a content agreement with LAP TV.
Starting on November 3, 2014, all the Premium channels of the pack were rebranded as "Fox+", dropping the "Movie City" brand definitely, and consolidating the Fox brand in LAPTV with the operations in Fox International Channels. Operations of Cinecanal and Film Zone were unaffected.
From Wikipedia’s article on LAPTV, shared under CC BY-SA 4.0.4