Morgan Stanley Reports Adjustments to NFLX-LSTZA Arrangement

Morgan Stanley has reported a new adjustment for the arrangement between Liberty Starz LSTZA and Netflix (NFLX). According to Morgan Stanley, "Beginning April 1st, Starz has announced that it will create a 90-day lag for the streaming rights of its future original content. More importantly, when its current agreement with NFLX expires in 1Q12, it appears Starz hopes to implement a similar window for the more widely consumed Sony/Disney film titles it distributes, assuming it can come to an agreement with NFLX." LSTZA closed at $78.16 yesterday.