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Netflix: Miramax $100 Million Deal

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Word has it from Reuters that Netflix is about to close a deal with Miramax to stream that studio’s library of films that would be estimated at $100 million over five years.

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Miramax has more than 700 titles of movies and more. No one at Mirimax nor Netflix responded to a query about the deal but the Wall Street Journal had reported that the companies had been working on the deal.

Netflix is switching from a mail order DVD company to more streaming as customers in the majority stream instead of ordering DVDs. The reason being is because streaming means ease of viewing without the postal problem and you can now watch movies online.

If Netflix does make the deal with Mirimax it will make for some very happy Netflix users for sure.

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