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Netflix adds new business model: online movie viewing

The worst kept secret about Netflix, just stepped out into the light. The goal is to distribute rentals over the Internet -- shipping DVDs is only for generating revenue and biding time. This morning Netflix announced the rollout of their immediate viewing feature.

By June all existing Netflix subscribers will have access to the 1,000 titles initially licensed for online viewing, which requires Windows XP and IE. Each user will have somewhere between 6 and 48 hours of online viewing per month depending on their membership agreement.

Via Hacking Netflix

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