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.
Written by: James Delahunty @ 26 Mar 2011 2:20
