Netflix, Inc. (NFLX), a subscription service of streaming movies and TV episodes, and EPIX, an entertainment channel and a joint venture of Viacom Inc. (VIA, VIAB), Tuesday announced a multi-year deal by which Netflix members will get an array of new movie releases and library titles from EPIX streamed over the Internet.
EPIX JV also includes Viacom's Paramount Pictures unit, films and television programs producer and distributor Metro-Goldwyn-Mayer Studios Inc. (MGM), and Canadian entertainment company Lions Gate Entertainment Corp. (LGF). Movies including those from Paramount, Lions Gate and MGM will begin streaming on Netflix from September 1.
Netflix provides movies and TV episodes over the Internet and sends DVDs by mail for a subscription of $8.99 per month.
The deal is a significant step for Netflix, as it could add many popular movie titles from the world's leading studios. These movies and TV shows can be watched instantly on TVs through consumer electronic devices capable of streaming from Netflix and on computers.
Devices like Microsoft's Xbox 360, Sony's PS3 and Nintendo's Wii consoles, Blu-ray disc players from Samsung, LG and Insignia, Internet TVs from LG, Sony and VIZIO, TiVo digital video recorders, Apple's iPad tablet, etc. can be used to stream movies and TV episodes from Netflix.
EPIX's service is available to over 30 million homes nationwide and expects to make more than 3,000 movie titles available to subscribers this year.
The agreement with Netflix allows EPIX to continue the distribution of popular content on a variety of platforms while preserving premium television, subscription on demand and online window reserved for cable, satellite and telco television partners.
EPIX has subscription pay TV rights to new releases and movies from the libraries of its partners. The entertainment channel on-demand and online service will make these movies available to Netflix 90 days after their premium pay TV and subscription on demand debuts. Historically, the rights to distribute these films are pre-sold to pay TV for as long as nine years after their theatrical release.
Netflix last month reported a 34% rise in its second-quarter profit to $43.5 million, or $0.80 per share, along with a 27% rise in revenues to $519.8 million.
Netflix ended the second quarter with approximately 15 million total subscribers, representing 42% year-over-year growth from 10.6 million subscribers at the end of the year-ago quarter. Percentage of subscribers who watched instantly more than 15 minutes of a TV episode or movie was 61% compared with 37% last year.
NFLX is trading at $123.80, up 5.90%, on a volume of over 4 million shares.
VIA rose 0.40% or $0.15 and is trading at $38.03 on 23,071 shares.
VIAB is trading up by 0.24% or $0.08 at $33.75 on a share volume of over 508 thousands.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.