Netflix to stream Paramount, Lionsgate, MGM movies
Tuesday, August 10, 2010 - 14:28
in Mathematics & Economics
(AP) -- Netflix Inc. has reached a five-year deal worth nearly $1 billion to stream movies from Paramount, Lionsgate and MGM online starting Sept. 1 - a major move that boosts its "Watch Instantly" offerings and makes the studios' joint pay TV venture Epix immediately profitable.