Netflix, Epix deal to expire in September

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For those who turn to Netflix for high profile films like the "Hunger Games" movies" and "Transformers: Age of Extinction," you'll have to look somewhere else soon.

The streaming service said its not renewing its deal with Epix in a blog post Sunday by chief content officer Ted Sarandos. The deal will close at the end of September, removing such hits as "World War Z" and the "Rocky" films from Netflix.

In the announcement, Sarandos toted Netflix's growing slate of original movies, including Cary Fukunaga's "Beasts of No Nation," Adam Sandler's "Ridiculous Six," Brad Pitt's "War Machine" and a Cambodia-based Angelina Jolie movie.

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Netflix, Epix deal to expire in September
400303 03: Ready-to-be-shipped DVDs roll down an assembly line January 29, 2002 in San Jose, CA. The online DVD rental site Netflix.com has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
400303 01: Netflix.com Chief Executive Officer Reed Hastings holds a ready-to-be-shipped DVD January 29, 2002 in San Jose, CA. The online DVD rental site has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
400303 05: Packages of DVDs await shipment at the Netflix.com headquarters January 29, 2002 in San Jose, CA. The online DVD rental site has 500,000 subscribers who can rent, receive and return unlimited discs per month by mail. (Photo By Justin Sullivan/Getty Images)
Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. AFP PHOTO / ROBYN BECK / AFP / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
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"We hear from our members that you wish we had newer movies," Sarandos wrote. "So do we. Studio licensing practices means it often takes more than a year before consumers can watch a theatrically released movie when and how they want. Just like we've changed the game for TV watchers by releasing entire seasons around the world at the same time, we have begun making movies that will premiere on Netflix globally and in some cases, simultaneously in theaters."

Sarandos noted that, while many of the movies to be removed are popular with users, they can be found in other places.

"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 and subject to the same drawn out licensing periods," he went on. "Through our original films and some innovative licensing arrangements with the movie studios, we are aiming to build a better movie experience for you."

Sarandos didn't delve into the specifics of the deal, and its often unclear in these situations who walked away from the table. Epix has yet to comment.

More to come...



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