Canis Media - which acquires and sells EPG slots on Sky's satellite platform - took over the management of Film24 in June, after the channel's principal shareholder withdrew funding and placed its future in serious doubt.
Canis brokered the sale of Film24's channel slot at 157 on Sky's EPG to Sony Pictures Television, and is now working with the firm on the channel's "day-to-day management".
Sony currently offers video on-demand content on BT Vision and owns a 50% stake in Virgin Media's FilmFlex VOD service, but it has never launched a standalone channel in the UK.
The media giant will assume day-to-day operations of the Film24 channel in early 2011, when it will presumably launch a new SPT-branded network.
Canis Media chief executive Ed Hall said: "It has been a tremendous pleasure to assist both the previous owners of Film24 and SPT to ensure this transfer took place in a timely and managed fashion.
"We are delighted to bring an SPT-owned channel to our list of managed channels. Canis will manage the channel until SPT assumes day-to-day operations in early 2011."
According to BARB figures, Film24 has an average reach of around 800,000 viewers for its mix of entertainment programming and movies.