Netflix And FilmDistrict Agree To Stream First-run Theatrical Films To Netflix Members

By Matthew Chung on 12/01/2010, filed in Home > Home

Netflix has announced that it made a deal with independent film company, FilmDistrict, to stream new movies over the Internet just a few months after they’re released on DVD. Thanks to the deal, major movies that would traditionally have been licensed to premium cable channels will instead be available from FilmDistrict on Netflix from 2011. Some of the first films to be covered under this deal are “Drive”, a juicy crime tale and also “Lockout”, starring Guy Pearce and Maggie Grace. At this rate, will Netflix eventually become more important than the cable channels out there?

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Netflix: Netflix Inc is an Internet company that distributes video on-demand. As of 2012, the company operated in the USA, but also in South America, Ireland, Sweden, Denmark, Norway and Finland. Netflix was founded in 1997 in California and is still based in Los Gatos in the Silicon Valley. Of course, Netflix is also provides DVD rentals via regular mail, and that is actually how the company took off before becoming the entity that is said to account for 29% of USA download Internet traffic as of March 2011. Netflix is one of the largest customer of Amazon's AWS infrastructure business.

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