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Netflix Makes EPIX DealNetflix Makes EPIX Deal

10:30 AM The premium cable channel will offer its movies online through Netflix's streaming video service

August 10, 2010

1 Min Read
Netflix Makes EPIX Deal

10:30 AM -- Netflix Inc. (Nasdaq: NFLX) and EPIX have announced a deal that will allow Netflix to show the premium cable channel's movies via its "Watch Instantly" video-streaming service starting this September.

The deal will bring movies, like Iron Man 2 from EPIX's owners -- Paramount Pictures Corp. , Lions Gate Entertainment Corp. (NYSE/Toronto: LGF), and Metro-Goldwyn-Mayer Inc. (MGM) -- to Netflix, broadening its content offerings and better positioning it to compete with cable.

But of course there are some catches:

  • The movies won't make it to Netflix until 90 days after they debut on EPIX.

  • Netflix doesn't necessarily get all of EPIX's movies. The companies' press release says only that Netflix will offer "an array of" EPIX's titles.

  • And finally, Netflix is coughing up $1 billion for the five-year deal, according to a report from the LA Times.

Netflix already has a similar deal with another premium cable channel, Starz Entertainment LLC , which brought it movies from Walt Disney Studios and Sony Pictures.

— Erin Barker, Digital Content Reporter, Light Reading Cable

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