James Delahunty
26 Mar 2011 2:20
According to the Wall Street Journal, Netflix is close to a deal with Miramax that could be worth over $100 million over five years.
The outlet cites a source close to the companies in reporting that both are close to an agreement that will see Netflix streaming a considerable number of titles from Miramax's extensive library to its subscribers over the Internet.
In an earlier report, WSJ valued the deal at about $50 million over five years, but then changed the figure to "far north of" $100 million over five years.
Netflix has seen its streaming service grow to become a huge part of its business, while its mail-based DVD rental service is still in wide use. If the deal with Miramax goes through, it will reportedly result in more than 700 titles becoming available for Netflix customers.