Netflix (NASDAQ:NFLX), the leading provider of internet TV services, today announced a multi-year agreement with The Weinstein company LLC, a major American film studio and maker of popular titles such as The King’s speech, Scary Movie, The Great Debaters. TWC formerly had a deal with Blockbuster Video. Under the new agreement Netflix members will get to instantly access the movie releases from the TWC and Dimension titles, starting from its first theatrically released feature film in 2016. The agreement essentially means Netflix will release the feature films from TWC and Dimension titles on its platform across the various devices like TV, mobiles, computers and tablets, alongside the theatrical releases of the feature films. Is this the first in a series of such agreements from Netflix and will this change the internet TV experience in the time to come? While that is a question which will be answered in time the market responded with a 6% increase in the Netflix stock in the regular trading hours yesterday.
To see Netflix’s latest stock price movement, view Netflix stock chart.
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