Netflix's (NFLX) New Showtime Deal Excludes Original Content
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Netflix Inc. (NASDAQ: NFLX) is getting more respect from Hollywood studios these days, but higher esteem is breeding contempt, as another partner plans to pull original content from the service.
Premium cable channel Showtime, owned by CBS Corp. (NYSE: CBS), announced Tuesday it is changing the rules in its dealings with Netflix, pulling first-run series content from the service starting this summer.
The new terms will exclude popular shows such as "Dexter" and "Californication" from Netflix. Showtime will offer the episodes on its online service exclusively.
"A number of Showtime original series will continue to be available and stream on Netflix including 'The Tudors' and 'Sleeper Cell,' among others," Showtime said in a statement.
Showtime rival HBO has taken a similar stance from the start, not allowing its first-run content on Netflix. The strategy is being implemented to encourage customers to sign up for the premium cable services.
We have a great relationship with CBS licensing content from all of its channels, including Showtime, and we continue to negotiate for more movies and shows," a Netflix spokesman said.
Premium cable channel Showtime, owned by CBS Corp. (NYSE: CBS), announced Tuesday it is changing the rules in its dealings with Netflix, pulling first-run series content from the service starting this summer.
The new terms will exclude popular shows such as "Dexter" and "Californication" from Netflix. Showtime will offer the episodes on its online service exclusively.
"A number of Showtime original series will continue to be available and stream on Netflix including 'The Tudors' and 'Sleeper Cell,' among others," Showtime said in a statement.
Showtime rival HBO has taken a similar stance from the start, not allowing its first-run content on Netflix. The strategy is being implemented to encourage customers to sign up for the premium cable services.
We have a great relationship with CBS licensing content from all of its channels, including Showtime, and we continue to negotiate for more movies and shows," a Netflix spokesman said.
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