Netflix will delay the availability of new releases from Universal and Twentieth Century Fox but increase the depth of its streaming library.
Waiting for "Avatar" to hit the Netflix queue? Hang in there. Today Netflix announced it had reached a deal that would delay the availability of new releases from Universal and Twentieth Century Fox – the studio behind "Avatar" – for at least a month after the official DVD release date. In exchange, Fox and Universal agreed to provide more movies and TV shows for Netflix's streaming video service.
"As the home entertainment market continues to evolve, we're exploring new and creative approaches to distribution with our key studio partners," Netflix exec Ted Sarandos said Friday. "Our intent is to forge agreements that make sense for the companies involved and that, on the whole, improve the consumer experience and the movie ecosystem."