Starz renews deal to get Sony movies through 2021

Feb 11, 2013

(AP)—Premium pay TV channel Starz has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. The deal comes two months after Netflix snatched future Disney movies from Starz, and was seen as a must-win for the channel.

The deal will extend Sony's relationship with Starz by five years.

Analysts speculated that Starz is paying anywhere from $250 million to $400 million per year, an increase from the estimated $200 million it is paying Sony currently.

Starz CEO Chris Albrecht said the network believes the terms are consistent with other deals between traditional pay TV networks and Hollywood studios.

shares rose 8 percent to $18.04 in midday trading. shares fell 2 percent to $176.89. Sony shares rose 5 cents to $14.97.

Explore further: Nokia profits rise after sale of handset division

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Netflix stock falls as talks on Starz deal unravel

Sep 02, 2011

(AP) -- Netflix's negotiations to keep a key piece of its Internet video library have collapsed, dealing a major blow to the largest U.S. video subscription service as it raises the prices for most of its ...

Netflix strikes movie deal with Weinstein Co.

Feb 21, 2012

(AP) -- Netflix has locked up the right to show "The Artist" and other movies from The Weinstein Co. on its Internet video service before the films are released to the leading pay-TV channels.

Netflix adds to online movies with Relativity deal

Jul 06, 2010

(AP) -- Netflix Inc. is adding to the group of movies that its subscribers can watch online or over Internet-connected devices at the same time as they would have appeared on premium pay TV channels such as HBO or Showtime.

Netflix to stream Paramount, Lionsgate, MGM movies

Aug 10, 2010

(AP) -- Netflix Inc. has reached a five-year deal worth nearly $1 billion to stream movies from Paramount, Lionsgate and MGM online starting Sept. 1 - a major move that boosts its "Watch Instantly" offerings ...

Recommended for you

Nokia profits rise after sale of handset division

3 hours ago

(AP)—Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset ...

Swiss drug maker Roche posts 7 percent profit drop

6 hours ago

(AP)—Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.

Cheaper wireless plans cut into AT&T 2Q profit

17 hours ago

(AP)—AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Facebook 2Q earnings, revenue soar (Update)

17 hours ago

(AP)—Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.

Android grabs more tablet market share

18 hours ago

Global sales of tablet computers edged higher in the second quarter, in the slowest growth since 2009, research firm Strategy Analytics said Wednesday.

User comments : 0