Say goodbye to your late-night food porn binges. The Food Network—along with other Scripps Networks International brands like the Cooking Channel and the Travel Channel—will be vanishing from your Netflix queue beginning in 2017.
According to Fox News, the split was initiated by Scripps, which apparently believes there are greener pastures when comes to the increasingly competitive world of streaming video services.
“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,” Buton Jablin, the chief operating officer of Scripps, said in a recent conference call. “In the end, it is really not the kind of dual revenue model that best monetizes our content over the long-term.”
Though fans will surely be mourning the loss of Food Network favorites like Giada at Home and Beat Bobby Flay networks like HGTV, the Cooking Channel, the Travel Channel, and DIY all offer a wide range of popular shows, whether subscribers realize it or not. That means in addition to losing Diners, Drive-Ins and Dives, cord-cutting food and travel fans will have to find new ways to watch reruns of Anthony Bourdain's The Layover and No Reservations.
The partnership will terminate at the end of the year, so half still more than a month to binge watch their favorite programs. Still, Scripps claims it won’t be too much of a challenge to find new episodes of popular Food Network shows.
“If you look at where the industry is going… we just see a lot of opportunities,” Ken Lowe, the CEO of Scripps, said. “We have such compelling content for advertisers we don’t want to cut ourselves off.”
In other word, where the money goes, the Food Network will follow.
[via Fox News]