Netflix Lands Streaming Deal With Paramount, MGM & Lionsgate
August 10, 2010 at 11:32 AM EDT
You’ll soon be able to watch “Dinner for Schmucks” via Netflix instant streaming. The company inked a deal with Epix, a new pay TV channel, for the rights to Paramount, MGM, and Lionsgate movies. The deal cost Netflix $1 billion. That’s quite a bit of money, yes.