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Reuters, Published January 01 2014

Netflix to stop streaming 'Titanic' and 'Top Gun' in 2014

Netflix will stop streaming more than 80 movies and a handful of television shows to U.S. subscribers in January, including such box-office classics as "Titanic" and "Top Gun," according to the social news website Reddit.

Netflix called a list posted on Reddit earlier this week "generally accurate" but would not confirm the actual number of movies or shows that the company will cease streaming as content rights expire in coming weeks.

"Movies come in and out all the time," said Netflix spokesman Joris Evers. "We also have lots of new titles coming onto the service."

Netflix is ramping up its original programming lineup with four new television series and one miniseries from Disney's Marvel unit, known for its success with "The Avengers" franchise based on super hero comic books.

Netflix is the largest online video subscription service with thousands of movie and television titles, competing with the likes of Amazon and Hulu. Netflix does not provide specific figures on how many titles it offers.

Netflix was the S&P 500's biggest gainer, soaring 295.6 percent in 2013.

"Top Gun" will stop being available on Jan. 1 and "Titanic" on Jan. 14, according to messages posted for subscribers on their website.

Other titles, including the 1968 film "The Odd Couple," the 1951 Walt Disney film "Alice in Wonderland" and TV shows including 1960s soap opera "Dark Shadows" and British comedy "Mr. Bean," will stop being available at different times throughout January.

Netflix also lost the rights to stream "Transformers: Dark of the Moon" on Dec. 29, the site said.

It was not immediately clear who posted the titles on Reddit.