TechCrunch reports that Universal has this week signed a new exclusive agreement with U.S television content provider, HBO, which will see both movies created by Universal Pictures and Focus Features Film stay exclusive to HBO’s TV, mobile and online services.
What this means is that you won’t be seeing those titles appear on Netflix – (or other similar movie streaming services) – for (at least) the next 10-years … and that includes the studio’s new box-office hit: Les Miserables.
As for the fine-grain details:
AllThingsD notes, the deal had been anticipated, and while HBO did not give the financial terms of the agreement, the LA Times puts it on par with HBO’s 20th Century Fox deal, which is over $200 Million per year — or at least $2 Billion over 10 years. In output deals, it explains, pay-TV providers like HBO pay between 10 percent and 12 percent of the U.S. box office of each film up to $200 Million.
The new deal between the two giant providers follows Netflix signing a multi-year catalog deal with The Walt Disney Company at the beginning of December, that brought with it the exclusive streaming rights to beloved Disney movies, such as: ‘Dumbo,’ ‘Pocahontas’ and ‘Alice in Wonderland,’ for the service’s U.S-based subscribers.