Beverly Hills, Calif. – Netflix (NASD: NFLX) announced on Wednesday that
it has signed a multi-year deal with independent distributor FilmDistrict,
giving it the rights to stream its movies online during the "pay-TV
window," typically a few months after their release on DVD.
that, under the deal, "major motion pictures that traditionally would have
been licensed to premium cable channels will flow instead from FilmDistrict to
Netflix for streaming to its members, beginning in 2011."
under the agreement will initially include "Drive" (Nicolas Winding
Refn) and "Lockout" (Luc Besson).
FilmDistrict was created earlier
this year by Oscar-winning producer Graham King ("The Departed"), and
partners Tim Headington and Peter Schlessel.