Report: Netflix, Miramax near streaming deal
The Wall Street Journal reports that Miramax and Netflix are close to signing a $100 million deal to stream the studio's movies via the video rental service.
After a couple of blows to its streaming lineup of television shows earlier this week, there's promising news for Netflix.
The movie studio Miramax and Netflix are close to signing a $100 million, five-year deal to stream all of its movie titles, according to a report in The Wall Street Journal today. Miramax has more than 700 movies in its library.
It's not clear when the deal is expected to close, and there's no specific date given for when those titles would be available via the Watch Instantly feature of the video rental service.
Netflix had no comment on the report.
The report also noted that Miramax has sought streaming deals with Amazon and Facebook, though they're not as close to closing them.
Earlier this week,(owned by CBS, the publisher of CNET) and they would hold back some of the original series content from streaming on Netflix immediately after airing.