Netflix, Studio Reach Streaming Deal
Netflix Inc. 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.
Financial terms of the agreement weren’t disclosed. The film company said they would supply the monthly-fee movie-rental company with five to 10 films a year, generally a few months after their release on DVD. The film industry has employed a strategy of delaying releases to online platforms in order to protect its traditional theatrical and DVD revenue streams.
Nu Image/Millennium is best known for action and thriller films including “The Expendables” and “Brooklyn’s Finest.”
