In a conference call with analysts on Wednesday, Netflix CEO Reed Hastings said that Netflix is indefinitely postponing their plans to offer online movie downloads, because they couldn't strike a deal with Hollywood to release more content.
Here's an example from E! Online that should give you an idea of what they're up against. "Spike TV has won television rights to all six Star Wars movies, E! Online reports. The price for the series hovered at $50 million a few months ago, but the exclusive, six-year deal finally went for a reported $65 to $70 million."
Via Media Buyer Planner:
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