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Ugly afternoon for all those mo-mo monkeys who thought it was safe to chase again as Starz ends contract renewal talks with dearly beloved Netflix. NFLX -10.5% after-hours.
Starz Entertainment Issues Statement on Status of Netflix Affiliation
Agreement Renewal DiscussionsPR Newswire
ENGLEWOOD, Colo., Sept. 1, 2011
ENGLEWOOD, Colo., Sept. 1, 2011 /PRNewswire/ -- Starz, LLC, President and
Chief Executive Officer, Chris Albrecht, issued the following statement today
regarding the status of affiliation agreement renewal discussions with
Netflix.
"Starz Entertainment has ended contract renewal negotiations with Netflix.
When the agreement expires on February 28, 2012, Starz will cease to
distribute its content on the Netflix streaming platform. This decision is a
result of our strategy to protect the premium nature of our brand by
preserving the appropriate pricing and packaging of our exclusive and highly
valuable content. With our current studio rights and growing original
programming presence, the network is in an excellent position to evaluate new
opportunities and expand its overall business."
Maybe in his heart of hearts, Tilson wil get some schadenfreude (as opposed to real returns) from this and we hope his investors see it that way too (or remind him to stick with his high conviction calls). Though at least he didn't add in size during the last quarter like Lone Pine Capital, Sands Capital Management, Winslow Capital, D.E. Shaw, and Tiger Global Management and a whole host of the finest minds in the 2/20 crowd.
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HILARIOUS
No I don't own NFLX, like I said, I don't own any of the mo-mo stocks, I just follow them as a group to determine overall market health and direction.
We are in no-man's land, I stil say they sell it off a little and then jam it up to the 200-day before this rally stops.
Lol your bullshit is so annoying. If those momos were chugging higher, I can guarantee you would be pimping em' and claiming your long for big $$$ like you used to claim. Guess that papermoney account is in the red this year then? STFU.
Monedas moment: Sick and tired of those small bathroom scales you have to teeter on ? Buy two....one for each foot ! Don't forget to add the readings on your calculator ! Monedas 2011 Better living through mental chemistry !
NETFLIX SUCKS... THINK GAMEZNFLIX WHAT HAPPENED TO THEM
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