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Netflix Hearts the PS3

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LR Cable News Wire Feed
Light Reading
12/4/2012
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FOSTER CITY, Calif. and LOS GATOS, Calif. -- Sony Computer Entertainment America LLC (SCEA) and Netflix, Inc. (NASDAQ: NFLX), today announced that the PlayStation®3 (PS3®) computer entertainment system is now the primary development platform for Netflix and is the world's most popular device for viewing movies and TV shows from Netflix on a television.

"PS3 is our largest TV-connected platform in terms of Netflix viewing, and this year, at times, even surpassed the PC in hours of Netflix enjoyment to become our No. 1 platform overall," said Netflix Chief Executive Officer Reed Hastings. "PS3 is a natural fit for Netflix in terms of developing and first deploying our most advanced features. We can transparently update our application with new features on a daily basis, and through the free PlayStation Network, people around the world can sign up for Netflix directly from their PS3."

"The PlayStation and Netflix communities both share a strong passion for high quality entertainment," said Jack Tretton, CEO and President of SCEA. "Netflix provides a fantastic experience for watching TV shows and movies on PS3, and our joint development will continue to produce innovations for our customers that further demonstrate PS3 as the true home for entertainment in the living room."

Netflix Inc. (Nasdaq: NFLX)

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