Netflix, Epix reach exclusivity deal

Netflix has reached an exclusive deal for online rights that allow members to watch new films from the three studios that own the Epix pay-TV channel.

Netflix has reached an exclusive deal for online rights that allow members to watch new films from the three studios that own the Epix pay-TV channel.

Financial terms of the deal have not been disclosed, but an individual familiar with the arrangement said the exclusivity contract will run for five years and is worth approximately $1 billion.

The deal makes Netflix the lead Web-only distributor of films from Paramount, Metro-Goldwyn-Mayer Studios, and Lions Gate Entertainment, which have a wide range of libraries.

The films will be available for online-streaming 90 days after their premium pay-TV and on-demand debuts.

Steve Swasey, spokesman for Netflix, announced the company now has streaming rights to 46 percent of the 2010 box office, versus HBO's 45 percent.

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