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Netflix Signs Movie Deal With Studios

  • Reuters, Sunday, April 11, 2010 10:55 PM
DVD rental company Netflix has reached deals with movie studios Twentieth Century Fox and Universal Studios that will allow it to rent DVDs and Blu-ray discs 28 days after new releases go on sale in stores. The deal with Twentieth Century Fox also involves a first-time streaming license for Fox TV shows, the two companies said in a joint statement.

Under their deal, Netflix would get significantly more units and better in-stock levels from Universal after the four-week period and get access to more of the studio's movies for customers to stream. With the 28-day delay, Netflix will be able to rent James Cameron's worldwide blockbuster "Avatar" to its customers starting May 20, after its April 22 DVD/Blu-ray release date.

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