Premium TV license agreement was speculated to go to Netflix
Hollywood apparently isn?t completely living in Netflix?s world.
Sony Pictures Entertainment and Starz Entertainment Feb. 11 said they have signed a new, multi-year agreement that extends their first-run output premium pay TV license agreement through 2012. Financial terms were not disclosed.
As a result, Starz will have the exclusive pay TV rights to Sony Pictures' theatrical releases through 2021. The previous pact covered Sony?s movies motion released theatrically through 2016. Sony also releases its movies on street date to Redbox.
The agreement is major victory for Starz, which lost its premium TV agreement with Walt Disney Studios (beginning in 2017) to Netflix. The subscription video-on-demand pioneer had sought Sony movies as well. Netflix had SVOD access to Sony titles through February 2012 when its landmark streaming deal with Starz expired.
Starz, since 2005, has been the exclusive premium TV licensee for Sony?s films, including titles from Columbia Pictures, Sony Pictures Classics, TriStar, and Screen Gems.? The new agreement provides movie content for all Starz platforms, including its linear Starz and Encore channels in standard definition and HD, SVOD in standard definition, HD On Demand and 3D On Demand, and online streaming services, including the recently launched Starz Play and Encore Play.
Sony titles coming in 2013 to Starz include The Amazing Spider-Man, 21 Jump Street, Zero Dark Thirty, The Vow, Men In Black 3, and Resident Evil: Retribution, among others.
?Starz will continue to offer the richest premium TV viewing experience for our subscribers and distributors for years to come thanks to STARZ' growing original programming slate, along with the robust lineup of new blockbuster Sony releases and our deep movie library,? said Starz CEO Chris Albrecht in a statement.
Netflix shares were down 1% in early trading.?
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