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re: Netflix Loses Starz Deal, Stock Crushed In After Hours Trading
Posted on 9/1/11 at 4:52 pm to TigerinATL
Posted on 9/1/11 at 4:52 pm to TigerinATL
quote:
Sony wants its movies on NetFlix and so does Starz, but they want to get paid a lot more for it. NetFlix really doesn't have a choice. I think the previous deal was about $30 million per year and they're probably going to have to go close to $300 million per year to keep Starz, Disney and get Sony back.
That's understandable but Netflix is in effect the main vehicle through which movie/tv steaming takes place right now. To cut that off without offering an alternative is just going to alienate the consumer. Cutting off the nose to spite the face...
Put it this way. I know the music industry wanted to bend Apple over at first, but I'm 32 years old and came of age during the boom of napster and birth of broadband. I pay for every single album that I own because of the ease of Itunes.
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