Tuesday, May 17, 2011

Netflix Inc. (NASDAQ:NFLX) Makes Miramax Movie Deal

Netflix Inc. (NASDAQ:NFLX) has decided to stream Miramax movies through its VOD
service. Netflix Inc. (NASDAQ:NFLX) Makes Miramax Movie Deal Netflix Inc.
(NASDAQ:NFLX) has announced that it has reached a multiyear deal with film
distributor Miramax to stream hundreds of titles through the movie rental
companys instant-viewing service. Financial terms of the deal werent disclosed.
Starting in June, Netflix Inc. (NASDAQ:NFLX) will offer several hundred Miramax
titles through its online streaming service to subscribers in the U.S. and add
dozens of movies on a rotating basis. Netflix Inc. (NASDAQ:NFLX) shares were at
237.09 at the end of the last days trading. Theres been a 6.7% movement in the
stock price over the past 3 months. Netflix Inc. (NASDAQ:NFLX) Analyst Advice
Consensus Opinion: Hold Mean recommendation: 2.8 (1=Strong Buy, 5=Strong Sell) 3
Months Ago: 2.75 Zacks Rank: 4 out of 17 in the industry

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