Apparently finding Netflix's success to be a threat to its own pay-TV cable operation, Starz Entertainment said Thursday that it will yank its movies from Netflix when its current contract expires in February. Starz is one of the few sources -- and the major one -- of recent movies for Netflix's streaming service. Three years ago, when Netflix's streaming service was just beginning to attract users, it reportedly agreed to a $30-million deal. In the most recent negotiations -- with Netflix's streaming customers now totaling 25 million -- Starz, according to published reports, turned down $300 million. "This decision is a result of our strategy to protect the premium nature of our brand by preserving the appropriate pricing and packaging of our exclusive and highly valuable content," Starz, a unit of John Malone's Liberty Media, said in a statement on Thursday. Starz charges about $15 per month to cable subscribers; Netflix, $8 a month (for streaming only). In a commentary headlined "Netflix's Death Spiral Begins," analyst Karl Denninger said on the SeekingAlpha.com website "The '$8 all you can eat' video buffet just ran out of food." In early trading today (Friday), Netflix was down nearly 10 percent on the Nasdaq to $211. In mid-July, when it announced price hikes, it was trading at more than $300.
Salvation Jayne's third birthday bash was a riot of colour and a celebration of a band very much enjoying what they do.
We're feeling the nostalgia this month.
American Thighs was released on this day in 1994.
Gloo is a new supergroup consisting of UK mystic-beat producers Iglooghost and Kai Whiston as well as nu-pop singer/producer BABii.
Listen to her new single Forgive Me now.
His new album Underneath It All is out now.
'Charli' sees Charli XCX continue to innovate, never being afraid to get honest and show her vulnerability.
Angel of the north Sam Fender has finally graced our ears with his highly anticipated debut album Hypersonic Missiles.