Netflix Enters Deal with Epix to Stream More New Releases
Netflix has entered a new deal with Epix, through which it will let Netflix users instantly watch new releases and library titles from Epix. The movies will begin streaming on September 1, and include content from Paramount, Lionsgate, and MGM.
Epic has subscription pay TV rights to new releases and movies from its partners’ libraries, and Netflix will have access to them 90 days after their premium pay TV and subscription on demand debuts. According to Epix, distribution rights to these films are usually pre-sold to pay TV for as long as 9 years after their theatrical release.
"Adding EPIX to our growing library of streaming content, as the exclusive Internet-only distributor of this great content, marks the continued emergence of Netflix as a leader in entertainment delivered over the Web," said Ted Sarandos, chief content officer for Netflix. "The EPIX deal is an example of the innovative ways in which we’re partnering with major content providers to broaden the scope and freshness of choices available to our members to watch instantly over the Internet.”
Mark Greenberg, president of EPIX, added, "Netflix is an incredibly popular service and we welcome them as our newest distribution partner. We are pleased to be able to continue our mission of bringing consumers the movies where they want to watch them, while satisfying the differing needs of cable, telco and satellite operators. This deal also underscores the tremendous value of our offerings in the marketplace."
The more deals like this Netflix is able to make, the better it will do against the increasing amount of competition it faces. Netflix already has a similar deal in place with Starz.