OWN acquires 'Precious' TV rights

Oprah Winfrey's network plans 2012 cable premiere

Oprah Winfrey's cable network OWN has acquired the TV rights to the critically acclaimed film "Precious" from Lionsgate.

"Precious," which Winfrey executive produced along with Tyler Perry, Lisa Cortes and Tom Heller, will appear on the network starting in summer 2012.

"'Precious' is the perfect film for OWN," said CEO Christina Norman. "It's a powerful film of self-discovery and empowerment, and I know it will resonate deeply with our audience."

The deal to acquire "Precious" also includes other Lionsgate titles that will appear on OWN. "Precious" has earned $45 million at the box office and received six Oscar nominations.