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Launched in the USA on February 1996 to show independent films on television Sundance Channel was a joint venture of  Showtime  Networks ( part of  CBS Corporation  ) Universal Studios ( part of NBCUniversal ) and Robert Redford who also acted as the creative director of the network .
 subsidiaries: Showtime, CBS Corporation
Given a phrase that describes the relationship between two words, extract the words and the lexical relationship between them. The output format should be "relation1: word1, word2; relation2: word3, word4". 
Option: cities of residence, top members employees, members, alternate names, origin, state or provinces of residence, title of person, spouse, city of headquarters, NA, founded by, state or province of headquarters, employee of, countries of residence, country of birth, founded, subsidiaries, country of headquarters 
Text: {0} 
Answer:
 subsidiaries: Showtime, CBS Corporation