Netflix and Nu Image Films Announce Licensing Deal

Netflix NFLX and Nu Image/Millennium Films today announced a long-term agreement through which first-run theatrical films distributed by the Nu Image/Millennium Group will be licensed to Netflix for streaming over the Internet to its subscribers during the "pay TV window." Historically, these films have been licensed to premium TV channels. The deal underscores how Netflix is moving rapidly to expand both the variety and timeliness of movies and TV episodes available to be watched instantly by its members. The companies said they expect five to 10 theatrical films per year to flow to Netflix through the agreement, in general just a few months after their release on DVD. Nu Image and Millennium Films are best known for big budget action/thriller movies including: "The Expendables," "John Rambo," "Brooklyn's Finest," "Righteous Kill," "16 Blocks" and "Black Dahlia."