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Wednesday, 21 September 2011 - Netflix, Discovery in streaming deal for TV shows |
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Video: Self-driving car takes to the road Follow Reuters Facebook Twitter RSS YouTube Read Congressman Phil Roe performs CPR on man at airport 20 Sep 2011 Georgia condemned man's polygraph request denied | 11:16am EDT Google+ opens up, takes fight to Facebook 5:43am EDT Philadelphia police complain about filthy stations 20 Sep 2011 Actor Tom Sizemore arrested, held briefly in Los Angeles 20 Sep 2011 Discussed 132 Obama to propose $3 trillion in deficit cuts 76 Geithner’s ”succinct” message irks Europeans 54 New York meetings open to avert Palestinian crisis Watched Self-driving car takes to the road Tue, Sep 20 2011 Human skin strengthened with spider silk can stop a bullet Tue, Sep 20 2011 Scarlett's naked pics, Tyler Perry is highest paid Wed, Sep 14 2011 Netflix, Discovery in streaming deal for TV shows Tweet Share this Email Print Related News Exclusive: Facebook seeks exec to build Hollywood, media ties Tue, Sep 20 2011 Netflix splits DVD and streaming services Mon, Sep 19 2011 CORRECTED - UPDATE 4-Netflix DVDs to be Qwikster, on separate site Mon, Sep 19 2011 Hulu sale at risk even as new bids are due Fri, Sep 16 2011 Netflix lowers U.S. subscriber forecast; shares fall Thu, Sep 15 2011 Analysis & Opinion Is Netflix the new cable guy? What would Netflix do? Related Topics Entertainment » Fashion » Technology » Media » Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires September 7, 2011. Credit: Reuters/Enrique Marcarian By Paul Thomasch NEW YORK | Wed Sep 21, 2011 10:50am EDT NEW YORK (Reuters) - Netflix Inc and Discovery Communications Inc reached an agreement to bring episodes of popular TV adventure shows including "Man vs. Wild" and "River Monsters" to the streaming service, the companies confirmed on Wednesday. The deal is the first major move by Discovery to make full episodes of its TV shows available for instant streaming, expanding well beyond the short clips that are now available on video sites such as Google Inc's YouTube The two-year deal -- first reported by Reuters -- covers only material from prior seasons of the TV shows and is limited to Netflix subscribers in the United States. Discovery has an option for a third year. Financial terms of the agreement could not be learned. Home to some of the biggest hits on cable TV, Discovery Communications' networks include Discovery, TLC and Animal Planet, ID: Investigation Discovery, Science and Military Channel. But Chief Executive David Zaslav has long shied away from making full episodes of Discovery's shows available on the web, saying it failed to make economic sense. Instead, he has chosen to use the web largely as a promotional tool to draw new viewers to its programs, while concentrating on expanding the TV business overseas. The deal with Netflix, however, allows Discovery to sell a big chunk of its programing library, rather than just one or two of its recent hits. None of the content from Oprah Winfrey's OWN Network -- in which Discovery has a 50 percent stake -- has been included. Under the deal, Netflix will also provide a search function that makes it possible for a customer to simply enter the words Discovery Communications into a search bar and get a list of all the available programs from TLC, Animal Planet or the other networks. The agreement comes during a rough stretch for Netflix, which needs to add more content to its streaming service to keep drawing in new customers and fend off competition from the likes of Amazon.com, Google Inc and Apple Inc. At the same time, Netflix has been under pressure from Hollywood studios and cable programmers to pay much more for content. Negotiations with Liberty Media's Starz were recently called off because the two sides could not reach an agreement on pricing terms. Earlier this week, Chief Executive Reed Hastings announced new content would be coming soon, without naming possible partners. Hastings also unveiled plans to further concentrate on its streaming service by splitting off its DVD-by-mail business, renaming it Qwikster. The decision, however, set off another round of complaints from customers already upset at price increases announced over the summer. Netflix shares were up $1.77, or about 1.3 percent at $132.00 on Wednesday, but are down about 35 percent over the last month. Discovery shares, up about 10 percent over the last month, were up another 63 cents, or 1.6 percent, at $40.37. (Reporting by Paul Thomasch; Editing by Bob Burgdorfer and Derek Caney) Entertainment Fashion Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) SanPa wrote: Is Bear Grylls worth 6 bucks a month? Hardly !!! Netflix will have to give users a lot more value to cover their price hike. I’m not returning to Netflix for scraps. Sep 21, 2011 10:23am EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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