All of us big Netflix fans and users have been a little nervous lately, feeling like it's possible that companies might start to become more fearful of allowing movies and TV shows to stream on Netflix, seeing as Netflix could soon become a competitor within other industries.
Well, today there's big news to be heard: Miramax and Netflix are apparently very close to an agreement that would allow a host of Miramax movies to stream on Netflix!
According to The Wall Street Journal:
Miramax, the studio behind some of the most iconic independent movies of recent decades, and Netflix Inc. are finalizing a five-year deal worth more than $100 million to stream its library of more than 700 titles, according to people familiar with the situation.
Obviously, that sounds like a lot of money, but when you take into consideration how much cash Netflix dishes out to send so many dvds through the mail, it's really nothing more than shifting where the money is utilized.
So, instead of mailing out Miramax dvds, Netflix is much more determined to make them streaming, as to save money on mailing and to be able to market and even greater array of streaming movies!
The WSJ article gives hints as to what kinds of films we can come to expect once Miramax titles become available on Netflix streaming:
The Miramax library includes scores of well-known titles, including "Shakespeare in Love," "Good Will Hunting," "Pulp Fiction," "Kill Bill," "No Country for Old Men" and "Bridget Jones's Diary." It also includes at least some films from series such as "Scream" and "Scary Movie." Newer installments in some of the studio's franchises have been produced by the Weinstein Co. and are owned by that company.
I'm pretty excited over this, and if you're a Netflix subscriber, you should be too. This should give us a lot more movies to watch!