UPDATED: The companies’ long term carriage agreement replaces a monthly arrangement. It expands the cable company’s opportunities to stream movies and original shows in a TV Everywhere package for computers and mobile devices including Apple’s iPhone and iPads, and what they call “select” gadgets powered by Google’s Android system. In addition, “many markets” will receive on-demand bonus materials for Starz‘ original series including Da Vinci’s Demons, Magic City, and The White Queen. Even so, Stifel analyst Benjamin Mogil says that he believes Time Warner Cable will pay less for Starz’ services “similar to the affiliate deals that were signed in 4Q12 (down 16%).” Lazard Capital Markets’ Barton Crockett says payments likely are comparable to the current monthly arrangement but includes more promotion from Time Warner Cable “which could help grow revenues quickly.” The terms cover Starz and Encore as well as 12 multiplex channels that include Movieplex, Retroplex, and Indieplex.
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