After a significant dip in Netflix stock, Starz Entertainment announces that they would not be renewing their deal with Netflix. The agreement was strictly for streaming movies, so Netflix DVD rentals were not affected. Starz’s decision means Netflix customers will no longer have access to movie titles from Disney or Sony Pictures, as Starz was the sole distributor of the films.
Netflix partners with Starz Entertainment to bring more than 2,500 titles available to watch instantly on the Netflix site, a feature called Starz Play.
The coupling of Starz Play with our growing library of streaming content is an important step forward for both companies and for consumer choice