Netflix (NFLX -2.8%) gives back some of last week's gains after Sony (SNE +0.5%) extends its...

|By:, SA News Editor

Netflix (NFLX -2.8%) gives back some of last week's gains after Sony (SNE +0.5%) extends its movie-licensing deal with Starz (STRZA +8.1%) to 2021. Stifel thinks the deal is likely in the $300M/year range, on par with the recent Netflix-Disney deal. With Starz having ended its relationship with Netflix specifically to keep its pay-TV industry customers happy, the odds of its content re-appearing on Netflix anytime soon are slim.