NYT: DreamWorks Animation Picks Netflix

NetflixMore Humble Following Botched Cost Hike, CFO Informs Traders Netflix Stock -9.4% As Wall Street Miracles How Low Sometimes It Can Go DreamWorks Animation has tossed its support to Netflix, based on the NY Occasions. The report saysJeffrey Katzenberg’s studio has inked an offer using the DVD and streaming service that may be worth$$ 30 million per film to DWA within the lucrative pay TV window. The pact begins in 2013 and replacesone that gave Cinemax privileges towards the animation studio’s films and TV special offers.We're really beginning to determine a lengthy-term guide of in which the market is headed, Katzenberg told the newspaper. This really is a game title-altering deal. Um, no, because DWA’s product output continues to be very minuscule. But Netflix is desperate afterlosing subscribersbecause ofa cost hike andsplit of their DVD-by-mail and streaming services.Now the organization’s once-impervious stock cost continues to be sliding fast. Netflix lostStarz lately.Netflix now must protect against challenges from rivals like Dish Network’s new Blockbuster Movie Pass service, Amazon . com, Walmart and Apple’s iTunes.