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Hulu
and Epix said on Sunday they had signed a multi-year deal that
would bring Epix films to Hulu from Oct. 1. The companies did
not disclose terms of the deal.
Netflix Inc said earlier on Sunday it had decided not to renew
its agreement with Epix when it expires at the end of September
as it focuses more on original programming and exclusive rights
to movies, and less on non-exclusive content.
"While many of these (Epix) movies are popular, they are also
widely available on cable and other subscription platforms at
the same time as they are on Netflix," Ted Sarandos, chief
content officer at Netflix, wrote in a blog post.
"Through our original films and some innovative licensing
arrangements with the movie studios, we are aiming to build a
better movie experience for you." Hulu and Epix said their deal
would bring new releases from Lions Gate Entertainment Corp, MGM
Studios Inc and Viacom Inc's Paramount Pictures to Hulu.
Epix is a joint venture of the three studios, while Hulu is
owned by Comcast Corp's NBCUniversal, 21st Century Fox Inc's Fox
Broadcasting and Walt Disney Co's ABC.
(Reporting by Parikshit Mishra in Bengaluru; Editing by Ted
Kerr)
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