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HBO Won't Make Netflix Deal

  • Bloomberg, Tuesday, August 17, 2010 11:21 PM
HBO, Time Warner Inc.'s pay-television channel, home to "The Sopranos" and "True Blood," holds cable and Internet rights to films from Warner Bros., Twentieth Century Fox and Universal Pictures and is unlikely to make a deal with Netflix. Netflix CEO Reed Hastings opened his coffers last week, agreeing to pay the Epix cable channel more than $900 million over five years for online rights to films from Paramount Pictures, Lions Gate Entertainment Corp. and Metro-Goldwyn-Mayer Inc. Hastings plans to spend more to build the service, which offers DVDs by mail and online viewing for $8.99 a month, and has said he wants HBO as a supplier.

Netflix members can see films from Walt Disney Co. and Sony Pictures Entertainment online through a deal between the subscription movie service and Liberty Media Corp.'s Starz channel, which has separate accords with both studios. HBO intends to stick with its own plan to make shows and movies available online through HBO Go.

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