Thousands of movies will be removed from Netflix
01 September 2015
After the streaming service decided not to renew a deal with distributor Epix, thousands of movies wont be accessible anymore to viewers.
Some of the removed titles are the Hunger Games and Transformers movies.
Netflix, (with more than 60 million subscribers worldwide), said it wanted to focus on exclusive content.
Rival service Hulu will take on the Epix catalogue. "Our subscribers have been asking us for more, and more recent, big movies," Hulu said.
"We listened. Through this new deal with Epix, we are proud to now be able to offer a huge selection of the biggest blockbusters and premium films."
The deal between Netflix and Epix (which was worth a reported $1bn) will run up at the end of September 2015.At that point the films will disappear from the service.
Netflix's chief content officer Ted Sarandos explained the move to subscribers like this: "While many of these movies are popular, they are also widely available on cable and other subscription platforms at the same time as they are on Netflix and subject to the same drawn out licensing periods."
Also he went on to list a variety of exclusive shows coming up on the service, including new work from Ricky Gervais, Idris Elba and Adam Sandler.
Also Netflix will come up with documentary about Rolling Stones guitarist Keith Richards, Mr. Sarandos said.
The huge company wants to start making their own content, not just get their data from others.The breadth and success of VOD programming means Netflix's decision is a reflection that no single firm will be able to dominate the market, said Mr Nail.
"Netflix is thinking about what they want their role in the viewers' video consumption to be, as opposed to thinking they can monopolise all video consumption.
"I think they're taking a bet here - but they've made those calculated bets in the past."