New releases were supposed to be dead at Netflix.
Don't tell that to CEO Reed Hastings. He just signed a long-term agreement that will hand the Web's No. 1 video-rental service the ability to stream "first-run films" from independent studio, Nu Image/Millennium Films as soon as the movies are made available for pay TV services, the companies announced Wednesday.
Remember when Netflix was blasted for initiating a 28-day delay on the rentals of new releases from Warner Bros. and some of the other big studios? Oh, how the critics howled. They said Netflix had surrendered. … Read more