Netflix strikes movie deal with Weinstein Co. to offer foreign-language movies, documentaries
Netflix envelopes (Photo by Justin Sullivan/Getty Images)
Posted: 02/21/2012
LOS GATOS, Calif. - Netflix says it will stream certain movies from The Weinstein Co., including "The Artist," under an exclusive licensing agreement.
The companies say their multiyear agreement will cover foreign-language movies, documentaries and some other films in the Weinstein vault and make them available for instant viewing on Netflix.
Netflix Inc. says it will get some films within a year of their release in movie theaters. It says it will show "The Artist," a silent movie that has received 10 Academy Award nominations, before it appears on premium cable-TV networks.
The companies aren't disclosing financial terms.
Netflix shares rose $2.97, or 2.4 percent, to $124.82 in midday trading Tuesday.
Netflix is based in Los Gatos, Calif.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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