Netflix App Comes Just In Time
NEW YORK (
) --
Netflix
(NFLX) - Get Netflix Inc. Report
is bringing its streaming content to
Apple
(AAPL) - Get Apple Inc. Report
devices with the launch of a free application for the iPhone and iPod.
The announcement comes as the competition for Netflix has been heating up.
Hulu
, the online site for streaming television and movies, is starting to tap into Netflix's market. Last month the company announced Hulu Plus, a $9.99 per month service that will provide users with streaming content of some of their favorite TV shows, like
Glee
and
Modern Family
.
TheStreet Recommends
Reports have also surfaced that Hulu could be readying itself for an initial public offering.
Verizon
(VZ) - Get Verizon Communications Inc. Report
has also announced that it will offer its FiOS TV subscribers the opportunity to watch live shows on their iPads. Verizon currently allows subscribers to watch on-demand video on mobile devices.
Other potential competition includes HBO to Go, ABC's iPad application,
Coinstar's
(CSTR) - Get CapStar Financial Holdings Inc. Report
expansion of Redbox kiosks and potential move into streaming content, and
Comcast's
(CMCSA) - Get Comcast Corporation Class A Common Stock Report
on-demand library.
Netflix is keenly aware of its potential problems, announcing earlier in the month a $1 billion deal with EPIX, a a joint venture between
Viacom
(VIA) - Get Via Renewables Inc. Report
,
Metro-Goldwyn-Mayer Studios
and
Lions Gate Entertainment
(LFG)
that could add up to 20,000 new titles to Netflix's streaming content.
-- Written by Jeanine Poggi in New York.
>To contact the writer of this article, click here:
Jeanine Poggi
.
>To follow the writer on Twitter, go to
.
>To submit a news tip, send an email to:
.
