2,000 Movies Disappear From Netflix, Contract Expires, Company Could Lose More
You may notice next time you sign on to your Netflix account that some of the movies you have been enjoying are gone. There is a reason for that, but it has Netflix shareholders nervous, especially after they bumbled a deal with starz last year that nearly crashed the company.
According to the Christian Science Monitor, Netflix’s deal with Warner Bros., MGM, and Universal came to an end last night, which resulted in the loss. MGM and Universal titles will now be available for streaming through the $10-a-month service, Warner Archive Instant. To further add to the loss, it was recently reported that Netflix CEO Reed Hastings is considering not renewing a deal with Viacom. If Mr. Hastings does not renew then Netflix will lose titles from networks such as MTV, Nickelodeon, and BET.
I thought it was a great deal when I first subscribed but now am finding it hard to stay on because there is nothing I really want to watch. How soon will it be you can just watch everything online on demand.