Netflix is in early discussions with a pay-TV service to extend Netflix’s online-streaming arrangement, reports our friend Claire Atkinson in the New York Post.
Under Netflix’a current deal with Starz, the pay channel sold streaming rights to its movies for $30 million. A deal like that today would likely cost Netflix as much as $250 million, according to BTIG media analyst Richard Greenfield, the article says.
With the Netflix-Starz deal set to expire in 10 months, a pricier renewal might change the economics of Netflix’s $8 monthly streaming service, it adds.
In separate news, Netflix yesterday said Chief Financial Officer Barry McCarthy is taking on a new role, with David Wells, who most recently was vice president of financial planning and analysis, taking on McCarthy’s current role on Dec. 10, reports Bloomberg News.
McCarthy’s departure won’t impact negotiations with content suppliers, the story says, citing a spokesman.