Netflix App Comes Just In Time
NEW YORK (
) --
Netflix
(NFLX) - Get Report
is bringing its streaming content to
Apple
(AAPL) - Get 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
.
Reports have also surfaced that Hulu could be readying itself for an initial public offering.
Verizon
(VZ) - Get 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 Report
expansion of Redbox kiosks and potential move into streaming content, and
Comcast's
(CMCSA) - Get 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 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.
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