Netflix & Epix Split: 'The Hunger Games: Catching Fire', 'World War Z' & More High-Profile Films Pulled Out
- Maria Myka
- Aug 31, 2015 04:47 AM EDT
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Pay-TV channel Epix has decided to switch up streaming partners and films like "The Hunger Games: Catching Fire" and "World War Z" will no longer be available for their former partner, Netflix.
The Wall Street Journal has noted that the move by Epix to switch from Netflix to Hulu reflects a broader trend in streaming video as Netflix is now becoming pickier about paying for TV show rights and movies, especially if they can be found somewhere else.
Netflix has allowed the partnership with Epix to come to an end as the company is trying to transition to offering exclusive rights to movies as well as focusing on its own original programing.
With the separation, Epix --- which is owned by MGM Lions Gate Entertainment Corp., and Viacom Inc.'s Paramount Studios --- is withdrawing Netflix's rights to high-profile films like "Transformers: Age of Extinction."
The partnership with Netflix at its end, Epix already signed a deal with Hulu beginning October. In a blog post, Netflix Chief Content Officer Ted Sarandos explained, "While many of these movies are popular, they are also widely available on cable and other subscription platforms at the same time as they are on Netflix."
He added, "Through our original films and some innovative licensing arrangements with the movie studios, we are aiming to build a better movie experience for you."
Examples of Netflix making way for these transitions include their original programs --- "House of Cards" and "Orange is the New Black".
It also announced an array of original films, including "Ridiculous Six" and an array of Adam Sandler Films, as well as a Sofia Coppola directed film called "A Very Murray Christmas".
On Epix's end, CEO Mark Greenberg said in a statement as printed by The Hollywood Reporter, "Hulu has become one of the most popular premium streaming services and EPIX's agreement is evidence of their understanding of the value that our blockbuster Hollywood films, deep library of classic film titles and original programming brings to consumers."
He added, "We are excited to be partnering with Hulu, and share their commitment to providing viewers a truly premium experience, particularly as we enter the next phase of our network's growth and development."
Hulu's partnership with Epix comes with its new budget. WSJ reported that the streaming company is doubling its spending on content, making the total a whopping $1.5 billion.
While Epix already has around 14 million subscribers, the company still has less than half the count of subscribers compared to HBO. However, it has been said that their strategy has ben about distributing content to as many players as possible, especially considering how fast the streaming video industry is expanding.
What do you think of Netflix letting go of their partnership with Epix?
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