NEW YORK (

TheStreet

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Netflix

(NFLX) - Get Report

is partnering with Facebook on a video-sharing application.

The app would allow users to stream video from the online movie service, Netflix CEO Reed Hastings said during the Facebook developer conference on Thursday. Netflix users would be able to share videos they've watched with friends and see what their friends are watching.

But the app won't be available in the United States upon its launch because of a law banning the sharing of video rental information. Lawmakers have introduced a bill that seeks to clarify how users can opt in to sharing content on social networks.

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Written by Jeanine Poggi in New York

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