VH1 MegaHits is a music channel available in Brazil, Chile, Peru, Colombia and Venezuela. It is owned by Viacom Networks Brazil, subsidiary of MTV Networks Latin America and airs 24-hour chart hits non-stop. The channel renamed the Brazilian version of MTV Hits, after Viacom sold the rights of MTV brand in Brazil. The channel runs on an automated eight-hour wheel schedule which repeats three times a day. The same way as the predecessor: MTV Hits.