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Netflix Strikes Movie Deal With Weinstein Co.

By: AP
By: AP
Netflix says it will stream certain movies from The Weinstein Co., including "The Artist," under an exclusive licensing agreement.

AP

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.


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