Netflix Canada Puts Paramount in the Picture

Netflix and Paramount reach multi-year premium pay TV window deal in Canada

March 28, 2011

1 Min Read

BEVERLY HILLS, Calif. -- Netflix, Inc. (Nasdaq: NFLX) today announced a new multi-year licensing agreement with Paramount Pictures, a division of Viacom Inc. (NYSE: VIA, VIA.B), adding hundreds of new movie titles, including the exclusive subscription television rights to all first-run films, for Canadian Netflix members to watch instantly on their computers and TVs.

Netflix members in Canada can enjoy theatrical hits from Paramount in the coming months starting with "The Last Airbender" and Marvel's "Iron Man 2." The five year agreement will add over 350 new movies available to watch instantly from Netflix in Canada, including epics like "The Curious Case of Benjamin Button," "Titanic," and "Defiance," great comedies like "Zoolander" and "Wayne's World," and beloved classics like "The African Queen," "Sabrina" (1954) and "Terms of Endearment."

"We are committed to constantly expanding our selection of top new movies and TV shows for our Canadian members," said Ted Sarandos, Netflix chief content officer. "This agreement will allow them to watch some of the latest hit Paramount films as well as an incredible range of the studio's recent and classic favorites anytime they want. Netflix and Paramount enjoy a great relationship and are proud to bring such a terrific array of films to Netflix members in Canada."

Speaking on behalf of Paramount Pictures, Hal Richardson, President of Paramount Television & Digital Distribution, stated "We are extremely pleased to have concluded this deal with Netflix for the premium pay television window in Canada; offering some of Paramount's best films to their rapidly growing Canadian subscriber base, beginning with Iron Man 2 on March 25. We are especially delighted that this arrangement serves to broaden the growing relationship with our friends at Netflix."

Netflix Inc. (Nasdaq: NFLX)

Paramount Pictures Corp.

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