Food Network, Cooking Channel and HGTV Say Goodbye to Netflix
Netflix is getting chopped, but not the hit Food Network show.
The home to Ina Garten, Bobby Flay and Giada De Laurentiis, along with sister channels Cooking, HGTV, Travel Channel and DIY, will bid adieu to Netflix in early 2017. The news broke during an earnings call with Scripps COO Buton Jablin on Monday.
“We assessed and analyzed the S-VOD [streaming video-on-demand] universe and have made the strategic decision not to extend our S-VOD agreement with Netflix past the end of this year. In the end, it is really not the kind of dual revenue model that best monetizes our content over the long-term," he said.
While it may be disappointing to no longer binge-watch shows like Food Network Star or Worst Cooks in America, let's hope that all money saved will go towards even more new episodes of Barefoot Contessa.