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Netflix CEO: Starz Renewal Isn't Critical

Netflix is hoping to renew its deal with Starz Entertainment to offer streaming video of movies but "we can live without it if we have to," CEO Reed Hastings said at an investment conference. One year ago, Netflix said no single content provider represented more than 20% of Netflix's streaming-video viewing, Hastings said, and since then the company has expanded its content.

Starz in October 2008 announced a three-year streaming deal with Netflix, which runs through 2011. The deal gave Netflix the ability to stream movies from Walt Disney Co. and Sony Pictures Entertainment, among other content. Netflix had $1.2 billion in commitments for streaming content deals as of Sept. 30, 2010, according to a filing with the Securities and Exchange Commission. This summer Netflix reached an agreement with Epix, the joint movie venture of Paramount Pictures, MGM and Lionsgate.

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