Netflix Loses Some A&E, History Content24 Sep, 2012 By: Chris Tribbey
Netflix has lost more than 800 hours of TV programming from its streaming service, after a licensing agreement with A&E Networks expired Friday. Shows lost include “Storage Wars,” “Ice Road Truckers” and “Hoarders.”
“Some content expired last week; some is still available,” a Netflix spokesman said. “We have titles go offline and online all the time. We look to license titles strategically and acquire rights for titles Netflix members watch.”
Approximately 300 hours of A&E Networks programming still is available on the streaming service.
The loss comes after Netflix lost exclusive access to Epix content earlier this month, after the multiplatform pay-TV service, co-owned by Lionsgate, MGM and Paramount, signed a distribution deal with Amazon.
Michael Pachter, analyst with Wedbush Securities in Los Angeles, estimates that Epix content accounted for approximately half of the new feature films offered by Netflix.
“The addition of costly Epix content signals to us that Amazon is one step closer to offering a subscription service of its own, and makes Amazon’s offering competitive with Netflix,” he wrote in a note to investors. “We expect Netflix shares to continue trending down, as we believe investors disappointed in [second quarter] domestic subscriber additions will again be disappointed in [second half] domestic subscriber additions, given unrealistic guidance and increasing competition.”
Shares of Netflix were down slightly Sept. 24.