Advertisement
Canada markets closed
  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CAD/USD

    0.7275
    +0.0012 (+0.16%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • Bitcoin CAD

    87,966.54
    +4,687.16 (+5.63%)
     
  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     
  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • CAD/EUR

    0.6824
    +0.0003 (+0.04%)
     

Some Hollywood blockbuster movies are about to disappear from Netflix

reed hastings netflix
reed hastings netflix

(Elizabeth Fuentes/Getty)
Netflix CEO Reed Hastings.

Netflix will no longer be able to show several high-profile Hollywood movies, including recent versions of Transformers and Hunger Games, to US viewers because its distribution deal with a cable network is not being renewed, according to a Re/code report.

Netflix is not renewing its five-year deal with Epix, Re/code reports, noting that the online-video-streaming service believes its recent original-content efforts are more important.

“Our focus has shifted to provide great movies and TV series for our members that are exclusive to Netflix," a Netflix spokesperson told Re/code.

ADVERTISEMENT

Netflix has stepped up efforts in recent years to develop its own original television shows, such as popular series "Orange is the New Black" and "House of Cards," as well as feature-length films.

Epix is pay-TV network owned by MGM, Lion's Gate Entertainment, and Viacom's Paramount. Among the films that Netflix will no longer provide US customers at the end of September are "Transformers: Age of Extinction," "Hunger Games: Catching Fire," and "World War Z," according to Re/code.

NOW WATCH: This intense first trailer for Netflix's 'Narcos' brings Pablo Escobar to life



More From Business Insider