Netflix (NFLX) Offering Up to $100K/Episode for Primetime - NY Post (DIS, GE, NWSA)
Tweet
Share
E-mailGet Alerts NFLX Hot Sheet
Join SI Premium – FREE
In keeping in line with their plans on expanding their web streaming service, the NY Post reported today that Netflix (Nasdaq: NFLX) is offering up to $100,000 per episode for current primetime shows.
Typically, Netflix streams episodes of shows that are from previous seasons. Recently, they won a contract to stream new episodes of "Saturday Night Live" the day after airing.
One executive, familiar with the matters, was quoted as saying "It's a big source of friction. There are no agreements [on control of rights], but I think it will trend toward the networks being in charge of selling in-season in first run, and beyond that, the studio." Others are questioning selling to Netflix, wondering if they are "mortgaging" their futures.
Should Netflix make bigger strides into the world of streaming TV, they would be a bigger competitor to Hulu, which also offers access to current seasons of shows for $7.99.
Just yesterday, Netflix announced signing indie film studio, FilmDistrict, for first-run films, gaining access to content that would normally be streamed to premium cable channels.
Shares of NFLX are down 3% today, but off of session lows.
Hulu is jointly controlled by General Electric's (NYSE: GE) NBC Universal, News Corp. (Nasdaq: NWSA), Disney (NYSE: DIS), and Providence Equity Partners.
Typically, Netflix streams episodes of shows that are from previous seasons. Recently, they won a contract to stream new episodes of "Saturday Night Live" the day after airing.
One executive, familiar with the matters, was quoted as saying "It's a big source of friction. There are no agreements [on control of rights], but I think it will trend toward the networks being in charge of selling in-season in first run, and beyond that, the studio." Others are questioning selling to Netflix, wondering if they are "mortgaging" their futures.
Should Netflix make bigger strides into the world of streaming TV, they would be a bigger competitor to Hulu, which also offers access to current seasons of shows for $7.99.
Just yesterday, Netflix announced signing indie film studio, FilmDistrict, for first-run films, gaining access to content that would normally be streamed to premium cable channels.
Shares of NFLX are down 3% today, but off of session lows.
Hulu is jointly controlled by General Electric's (NYSE: GE) NBC Universal, News Corp. (Nasdaq: NWSA), Disney (NYSE: DIS), and Providence Equity Partners.
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Providence Equity Partners, HuluSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
