Time Life joined Sterling Manhattan Cable, owned by Charles Dolan and launched Home Box Office in November 1972, which eventually became the largest premium television service in the United States.
Time Life was also a financial backer for commercial TV broadcasting outside the United States, mostly in Middle and South America.
With a joint venture between CBS and Goar Mestre they backed Proartel [es] in Argentina, PROVENTEL in Venezuela (now VTV) and Panamericana Televisión in Peru.
Time Life's investments in the United States, Middle and South America in the 1950s and 1960s were largely unsuccessful, due to the stations' owners unhappy with their agreements.
The U.S. rights to Monty Python's Flying Circus would be transferred to Devillier Donegan Enterprises (in a deal that followed the Monty Python troupe gaining ownership of the series months before), while the rest of BBC's output would be spun off to Lionheart Television, a distributor that would later be absorbed by BBC Worldwide.