Netflix Just Ditched A Big Contract

Netflix on Sunday announced that it would not be renewing a contract with Epix, a cable and satellite network that distributes major blockbuster movies. Instead, the streaming giant said, it's going to focus more on investing in its own content. Not to be outdone, Hulu announced that it had swooped in and picked up the Epix contract that Netflix let lapse.

You should take notice if you're a Netflix customer. According to Hayley Tsukayama at The Washington Post, this decision offers a good opportunity to reevaluate how you're spending your dollars. It's easy to let your subscriptions linger on forever, but as these services evolve you may be spending cash on something you don't really want. Finding the best option, more or less, comes down to how you like to watch streaming video.

Hulu, with its connections to the television world, is aimed more at people who like current content. Yes, Hulu has a deep backlog of episodes from shows both past and present, but its distinguishing factor is that it lets you watch episodes that have just aired. Just look at its front page, which highlights new content and movie trailers -- future-focused content -- alongside the popular shows. With the Epix deal, it can build out its recent movie offerings even further.

Netflix, meanwhile, is generally better for movies and for binge-watching -- especially if you're no fan of commercials.

Read More Now