Epix is a movie channel created by MGM, Lionsgate, and Viacom; and on Tuesday it struck a five-year deal to stream its movies on the internet via Netflix. With the deal, Netflix will be able to stream movies from the aforementioned companies, along with Paramount. It’ll garner Epix around $1 billion in licensing fees. The deal will also allow studios to make new releases available on Netflix 90 days after their on-demand debuts.
[NY Post]
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