Netflix to Partner With Three More Companies for TV Streaming Service
Posted on: Wednesday, 30 April 2008, 09:00 CDT
Online DVD rental service provider Netflix has announced that it will partner with three more companies to integrate its technology into their set-top boxes for streaming films directly to TV. It has already entered into a similar agreement with LG Electronics, Reuters has reported.
Reuters has quoted Reed Hastings, CEO of Netflix, as saying: "Three of the four partners are major companies, which each sell millions of devices per year and will enable the Netflix functionality in some of those devices likely in the fourth quarter of this year. The fourth partner is a small company, which will likely launch sooner than Q4."
Netflix currently offers film streaming service from the internet to PCs. It is likely to offer TV streaming service in all its plans from $4.99 to $16.99 a month, without any additional charges.
Source: Datamonitor
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