NETFLIX to offer online streaming content – no extra charge

In a bold move, Netflix will offer free streaming of movies to its subscribers. Entry level ($5.99) plan subscribers will recieve 6 hours of free streaming per month. Unlimited 3-at-Once ($17.99) subscribers will recieve 18 hours of free streaming per month. Initial offerings will consist of about 1000 titles and Netflix is claiming DVD-quality images if you have a 3 Mbit/s connection.

Read the press release here.

LOS GATOS, Calif., January 16, 2007 — Netflix, Inc. (Nasdaq: NFLX), the world's largest online movie rental service, today introduced a new feature that allows people to immediately watch movies and television series on their personal computers and said it will make the new feature available to its subscribers in a phased roll-out over the next six months.