Netflix is taking a beating on the stock market today, losing almost 10 percent of its value this morning following Thursday’s late announcement from Starz that it wouldn’t be renewing its contract to provide Netflix with the rights to stream movies online, including valuable Disney and Sony pictures.“Starz Entertainment has ended contract renewal negotiations with Netflix. When the agreement expires on February 28, 2012, Starz will cease to distribute its content on the Netflix streaming platform,” Starz CEO Chris Albrecht said in a statement Thursday.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=107654