11-22-2011, 12:58 PM
This looks pretty bad for Netflix in the near term, at least until close to the end of 2012.
http://money.cnn.com/2011/11/22/technolo...ce=cnn_bin
http://money.cnn.com/2011/11/22/technolo...ce=cnn_bin
Quote:One analyst predicted earlier this year that Netflix's streaming content licensing costs will rise from $180 million in 2010 to a whopping $2 billion in 2012. Netflix said in its filing on Monday that it has payments of more than $3.5 billion due over the next few years to pay for content under contract.
Meanwhile, Netflix is losing some of those all-important licenses. In September, Starz ended contract renewal negotiations with Netflix and said it will pull its movies and TV shows from Netflix early next year.
Maul, the Bashing Shamie
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"If you want to change the world, be that change."
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