Netflix Nabs Streaming Deal

Netflix is growing its streaming content through a deal with FilmDistrict.
By Jeanine Poggi ,

NEW YORK (

TheStreet

) --

Netflix

(NFLX) - Get Report

announced on Wednesday that it secured a deal with

FilmDistrict

to stream first-run films soon after they are released on DVD.

Under the terms of the deal Netflix will receive films from the production and financing company a "few months" after their release starting in 2011. Movies that are currently licensed to premium cable channels will go from FilmDistrict to Netflix instead.

Drive

and

Lockout

are among the first films slated for the program.

--Written by Jeanine Poggi in New York.

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