Wednesday, March 23, 2011

Netflix (NFLX) Gets No Original Content in Showtime Deal

Netflix Inc. (NASDAQ:NFLX) lost another chance at offering original content of a partner, as Showtime (NYSE:CBS) announced they have pulled its original content from the deal they signed with the company.

Showtime said it decided to change the terms of the deal concerning original content, and will offer them solely on their own service, which includes shows like "Californication" and "Dexter."

"A number of Showtime original series will continue to be available and stream on Netflix including 'The Tudors' and 'Sleeper Cell,' among others," Showtime said in a statement.

A Netflix spokesman said, "We have a great relationship with CBS licensing content from all of its channels, including Showtime, and we continue to negotiate for more movies and shows," .

HBO has also disallowed Netflix from offering first-run show in order to try to have potential subscribers sign up with them to watch content.

Netflix was trading at $225.23, gaining $3.84, or 1.73 percent, as of 11:39 AM EDT.

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