(Reuters) – U.S. DVD let company Netflix Inc has reached deals with movie studios Twentieth Century Fox as well as Universal Studios which will allow it to rent DVDs as well as Blu-ray discs twenty-eight days after brand brand new releases go upon sale in stores.
The deal with News Corp's Twentieth Century Fox additionally involves a first-time streaming license for Fox TV shows, a two companies pronounced in a corner statement.
Netflix as well as Universal pronounced which underneath their deal, Netflix would get significantly more units as well as better in-stock levels from Universal after a four-week period as well as get access to more of a studio's cinema for customers to stream.
With a 28-day delay, Netflix will be able to rent James Cameron's worldwide blockbuster "Avatar" to its customers from May 20, after its April 22 DVD/Blu-ray recover date.
The first recover lonesome underneath a brand brand new agreement with Universal is a comedy "It's Complicated," which will be released in stores upon April 27.
Earlier this year Netflix Inc as well as Coinstar Inc's Redbox each concluded to a 28-day delay upon Warner Bros.' new releases.
Netflix Chief Executive Reed Hastings pronounced in Oct studios were wrestling with declining DVD sales as a let market has been modestly growing as well as which a little studios are considering introducing a DVD retail sales-only window for a couple of weeks.
Netflix, Universal Studios as well as Twentieth Century Fox were not rught away available for comment.
(Reporting by Sakthi Prasad in Bangalore )
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