Netflix Relativity Deal Adds Movies To Its Online Streaming Catalog
| 07/ 6/10 05:44 PM |
LOS ANGELES — Netflix Inc. is snatching away several movies a year that would have gone to pay TV outlets such as HBO or Showtime, under a deal with film financier Relativity Media LLC announced Tuesday.
The deal, worth more than $100 million per year, highlights Netflix' strategy to migrate customers from ordering DVDs by mail to accessing them online over personal computers, game consoles, Blu-ray players, mobile devices and TVs.
About one-fifth of Netflix's 100,000 movie and TV show titles can now be streamed online.
Sounds great... I subscribed to netflix recently (mainly for online streaming to my tv). I'm happy to hear that they're making online streaming a priority.