Netflix Account News: Epix Contract Not Renewed, Big Movies Leaving in September
In a bold move for the pioneering streaming buffet platform, Netflix has walked away from a contract renewal for some of the biggest movies that they currently feature, according to Entertainment Weekly.
The original contract allowed Netflix to feature the movies of Epix on their streaming platform, offering movies to their streaming customers like "The Hunger Games: Catching Fire," "Transformers" and "World War Z."
The deal officially ends in September, and several of these big hit movies are about to make their exit from the streaming platform. The move by the company is a mirror of what they have been trying to accomplish now for the past several years. They want content that is exclusive to them, not other cable or streaming companies.
In a blog post, Netflix's chief content officer Ted Sarandos wrote about the company's decision to walk away from the contract renewal.
"We hear from our members that you wish we had newer movies. So do we. Studio licensing practices means it often takes more than a year before consumers can watch a theatrically released movie when and how they want. Just like we've changed the game for TV watchers by releasing entire seasons around the world at the same time, we have begun making movies that will premiere on Netflix globally and in some cases, simultaneously in theaters," Sarandos wrote on the post.
Sarandos is referring to, of course, is their hit series "House of Cards," "Daredevil" and "Orange is the New Black."
The post continued, "Meanwhile, we have decided not to renew our agreement in the US with Epix, the cable network, which means that some high profile movies including 'Hunger Games: Catching Fire,' 'World War Z' and 'Transformers: Age of Extinction,' will expire at the end of September in the US. If you want to see them on Netflix US, now is the time."
The Los Angeles Times reports that the contract will now be jumping ship over to competitor Hulu, which also features commercial interruptions on their streaming buffet platform.
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