Netflix Strikes Movie Deal with Weinstein Co.

5:12 PM, Feb 21, 2012   |    comments
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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 multi-year 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 $3.30, or 2.7 percent, to $125.15 Tuesday morning.
    
Netflix is based in Los Gatos, Calif.

Associated Press