Netflix Inks Streaming Deal with PS3

FOSTER CITY/LOS GATOS: Netflix and Sony Computer Entertainment America have signed a deal that enables access to thousands of movies and TV shows via PlayStation 3.

Netflix expects to begin streaming to TVs via the PS3 system next month at no additional cost to Netflix members in the U.S. There are some 9 million PS3 units in use in the U.S., and more than 11 million Netflix subscribers. This is Sony’s latest deal to make PS3 an entertainment hub, allowing users to play high-definition games, watch Blu-ray movies, listen to music, view photos, browse the Internet and download content from the PlayStation Network.

"The PlayStation 3 system has always been about more than just gaming, and it will soon be the only platform in the industry to offer consumers such a variety of convenient options for enjoying movies and TV shows," said Jack Tretton, the president and CEO of SCEA. "Whether you want to watch content on Blu-ray disc and DVD, download it from the PlayStation Network’s video delivery service, or stream videos instantly from Netflix, the PS3 system is the only solution that offers it all."

"As instantly watching movies and TV episodes streamed from Netflix becomes an increasingly popular way to enjoy the Netflix service, our goal is to rapidly expand the devices that stream to our members," said Netflix’s CEO and co-founder, Reed Hastings. "As a leading game console and Blu-ray disc player, bringing Netflix to the PS3 system is a real win for both Netflix members and PS3 system owners."

Initially, watching movies instantly streamed from Netflix via the PS3 system will be enabled by a free, instant streaming Blu-ray disc that is being made available to all Netflix members.