TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Starz renews deal to get Sony movies through 2021

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

SNE $14.99 +$0.07

at close on MONDAY

Daily Photo Galleries

By The Associated Press
Tuesday, Feb. 12, 2013, 12:01 a.m.
 

Premium pay TV channel Starz said Monday that it renewed an agreement to carry movies from Sony Pictures through 2021. The deal, which was seen as a must-win for the channel, was finished two months after Netflix snatched new Disney movies from Starz. The deal will extend Sony's relationship with Starz by five years, giving the channel access to major Hollywood releases. Disney movies released in 2016 and beyond will play on Netflix's streaming service instead of Starz.

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.

Netflix isn't considered a “traditional” pay TV network, but its service, at $8 a month, is seen as increasingly competing with premium pay TV channels such as HBO, Showtime and Starz, which cost $15 a month.

Starz had 21 million subscribers as of the end of September. Netflix has 27 million subscribers at year-end.

 

 
 


Show commenting policy

Most-Read Stories

  1. Ex-Penguins defenseman Niskanen still miffed by coaches’ firings
  2. Starkey: Chryst a miserable failure at Pitt
  3. New York farmers lament lost opportunity for gas riches
  4. Banged-up Steelers can clinch with win over Chiefs
  5. Police investigate alleged institutional sexual assault at Pine youth treatment center
  6. Energy sector adjusts to global oil plummet
  7. Warning about cop-killer came moments too late
  8. Pitt football fights to overcome steppingstone status
  9. U.S. coal mines nearing record low in worker deaths
  10. Kids treated to gifts, peaceful holiday party at Lincoln-Lemington church
  11. Pitt players support Rudolph for job
Subscribe today! Click here for our subscription offers.