Netflix to Enable Movie, TV Streaming to PlayStation 3

Authored by Mark Hefflinger on October 26, 2009 - 10:54am.

Los Gatos, Calif. - Online DVD rental service Netflix (NASD: NFLX) announced on Monday that it will extend its on-demand movie and TV episode streaming service to Sony's (NYSE: SNE) PlayStation 3 game console platform, expanding beyond a previously exclusive deal with Microsoft's Xbox 360.

Netflix members in the U.S. will be able to access the streaming feature on their PlayStation 3 consoles at no extra cost beginning next month.

The feature will initially be enabled via a free, instant streaming Blu-ray disc, compatible with the PlayStation 3, that will be made available to all Netflix members.

Netflix currently counts around 11.1 million U.S. subscribers, while the PlayStation 3 U.S. installed base is nearly 9 million.

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http://www.netflix.com/ps3