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Check Please: Netflix Woos Studios

Netflix continues to deliver profits and strong revenues quarter-over-quarter and year-over-year, with much of that growth being driven by digital distribution (streaming and downloads). But CEO Reed Hastings says the company needs to deliver access to more new releases in order for its digital business to work.

Netflix currently has access to a limited number of new releases from studios like Disney and Sony. Netflix is willing "to write big checks" to the studios directly in order to convince them Netflix is a "friend" as opposed to an enemy, like Redbox.

Read the whole story at Paid Content »

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