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Netflix introduced a new plan Monday that, for the first time, relies solely on video streamed over the Internet rather than the DVDs that it has mailed to customers since the company was founded more than a decade ago.
The shift demonstrates how quickly consumers have transitioned from physical media players to digital entertainment that can be browsed, watched again, or discarded without ever having handled a disk. Get the full story »
Netflix launched an online video-streaming service in Canada for films and television Wednesday, its first foray outside the United States and a direct threat to established cable companies. Get the full story »
Netflix Inc. has reached an agreement to license first-run theatrical movies distributed by Nu Image/Millennium Films for online streaming during the “pay TV window,” when they’re usually available on premium TV channels.
Shares rose 3.11 percent, to $146.20, in late afternoon trading. The stock has more than doubled so far this year. Get the full story »
