Tuesday, March 29, 2011

Netflix closes in on a 5-year streaming deal with Miramax

Netflix reportedly is close to a deal worth more than $100 million with Miramax to stream more than 700 films from the studio, including popular titles such as "Shakespeare in Love" and "Pulp Fiction." The studio also held similar talks with Amazon and Facebook, sources said. Earlier this month, rival Warner Bros. Entertainment launched an independent application to rent out movies on Facebook. The Wall Street Journal

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