Netflix Not Interested in Extending Content Agreement with Epix
Netflix announced over the weekend that it will allow an agreement to expire next month with Epix, a provider of cable and satellite television programming. As a result of the end of the Epix deal, Netflix will lose the rights to stream popular movies such as the Hunger Games and Transformers series, but the company is working to expand its offering of original programming to fill the void. “While many of these movies are popular, they are also widely available on cable and other subscription platforms at the same time as they are on Netflix and subject to the same drawn-out licensing periods,” wrote Netflix’s chief content officer in a blog post Sunday. “Through our original films and some innovative licensing arrangements with the movie studios, we are aiming to build a better movie experience for you,” the executive continued.
While Netflix customers will undoubtedly be upset by the loss of a number of major motion pictures on the site, the company is working on acquiring the rights to the Minions films and has enlisted Hollywood heavyweights like Brad Pitt, Adam Sandler, Ricky Gervais and Judd Apatow to produce original content for Netflixers.