Feeds

Netflix whisks DreamWorks deal from under HBO's nose

Dream contract to stream studio's movies

5 things you didn’t know about cloud backup

Troubled US streaming service Netflix has bagged a deal to start piping DreamWorks Animation movies to punters.

The studio's contract with US television channel HBO expires the end of 2013, but according to the FT, the film company's new agreement with Netflix will allow the streaming service to show some of DreamWorks' films before then.

Netflix and the studio, which gave the world Shrek and Kung Fu Panda, are billing the pact as the first time a major Hollywood studio has chosen internet streaming over pay TV.

The contract, which is estimated to be worth $30m per movie to DreamWorks, replaces the studio's previous relationship with HBO, according to a report in the New York Times.

"You’re seeing power moving back into the hands of content creators. When a company like DreamWorks ends a long-running pay TV deal – when a new buyer in the space steps up – that’s a really interesting landscape shift," said Netflix chief content officer Ted Sarandos.

"This is a game-changing deal," DreamWorks chief exec said in an interview. "We are really starting to see a long-term road map of where the industry is headed."

The deal should be a welcome boost to Netflix's fortunes, which have been flagging of late after its unpopular decision to separate its DVD and streaming rentals into two different websites and hike its tariffs.

Netflix expects to lose around a million of its 25 million US customers in the short term over the changes to its service. ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?