SAN FRANCISCO (AP) — Netflix’s 11 million subscribers will have to wait nearly an extra month to rent the latest movies by Warner Bros.
Under an agreement announced Wednesday, Netflix’s DVD-by-mail service won’t send out Warner Bros.’ latest DVD and Blu-ray discs during the first 28 days after they hit the market.
The deal is a first for Netflix. The company expects to reach similar agreements with other major movie studios later this year.
The moratorium will give Warner Bros. a chance to sell more discs to consumers who can’t wait to see the studio’s latest home releases.
In return for the concession, Netflix will get a discount on Warner Bros. discs. And it’ll be able to offer more of the studio’s movies and TV shows for subscribers to watch over the Internet.