<http://www.deadline.com/2013/04/netflix-viacom-networks-deal-expire/>Netflix Says It Will Let Viacom Deal Expire

By <http://www.deadline.com/author/dlieberman/>DAVID LIEBERMAN, Executive Editor | Monday April 22, 2013 @ 5:54pm EDT

This news nugget was tucked into <http://www.deadline.com/tag/netflix/>Netflix's letter to investors that CEO Reed Hastings and CFO David Wells released today: They say that at the end of May they won't renew their broad deal with <http://www.deadline.com/tag/viacom/>Viacom Networks that enables Netflix to carry programming from <http://www.deadline.com/tag/nickelodeon/>Nickelodeon, <http://www.deadline.com/tag/bet/>BET and <http://www.deadline.com/tag/mtv/>MTV. "We are in discussions with them about licensing particular shows but have yet to conclude a deal," the execs say. The change reflects Netflix's effort to "focus on exclusive and curated content" which lessens its willingness to pay for "non-exclusive, bulk content deals." Hastings and Wells add that "with all the recently added fresh programming from Disney, Cartoon Network, Hasbro's The Hub and DreamWorks Animation, we have a great kids offering." Netflix also says that it will try to appeal to large families by offering an $11.99 a month service that enables subscribers to stream up to four shows simultaneously vs the standard $7.99 service which allows two streams. The execs say that they expect "fewer than 1% of members to take it."



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