Starz Quits Talks to Renew Netflix Streaming Deal

By: AP
By: AP

The decision announced Thursday deals a big blow to Netflix Inc.'s streaming service at a time when many users are angry about its recent decision to raise its monthly subscription prices.

Netflix's stock sank 8 percent after the announcement was made.

When signed in October 2008, the deal was Netflix's first major content-streaming agreement.

It was expected to be renewed but with Starz receiving more than it had previously.

Now, Netflix will be able to run Starz content only through February.

Starz Entertainment is a unit of Starz LLC, which is owned by Liberty Media Corp.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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