Score another coup for Netflix, which just announced a deal to stream for first-run theatrical releases from independent film company FilmDistrict. The deal will give the distribution giant a license to release the movies during the pay-TV window normally reserved for premium cable channels, just a few months after their release to DVD. FilmDistrict releases between four and eight films each year.
Netflix said it's focused on broadening the variety and timeliness of content available for Netflix members, as it transforms itself into a service focused on streaming movies TV shows over the Internet.
FilmDistrict is new to Hollywood having launched in September. Oscar-winning producer Graham King joined business partners Tim Headington and Peter Schlessel, who became FilmDistrict's CEO.
Netflix has some 16 million members in the United States and Canada, and recently rolled out a new streaming-only offering fro U.S. customers.
The $7.99-a-month deal allows subscribers to watch unlimited movies and TV episodes streamed to PCs, Macs and TVs.
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