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PlayStation 3 Owners Can now Stream Netflix Movies

By Steve Gavriliuc for CEOWORLD Magazine Updated:October 26, 2009

PlayStation 3 owners will be able to stream movies and TV shows from Netflix on their gaming consoles starting next month. Sony Corp. and Netflix Inc. were set to announce the deal Monday. The service will be available for free to PlayStation 3 owners who have a Netflix subscription that costs more than $9 a month.

For Netflix, the move means reaching new customers. About 9 million PlayStation 3 systems have been sold in U.S. Netflix has been available to Xbox 360 users in the region since the arrival of the ‘New Xbox Experience’ last year.

The PS3 service will cost $8.99 a month. For that price users will be able to watch an unlimited number of movies and TV shows from Netflix’s online library. Users who wish to use the service will need to obtain a “instant streaming’ Blu-ray disc from Netflix – that can be ordered here.

“The PS3 has always been about more than just gaming, and it will soon be the only platform in the industry to offer consumers such a variety of convenient options for enjoying movies and TV shows,” SCEA president and CEO Jack Tretton stated.

The agreement between the Los Gatos, Calif., company and Japan’s Sony erodes an advantage that Microsoft Corp.’s Xbox 360 had enjoyed for the past year over the PlayStation 3. The Xbox 360 was the first game console Netflix agreed to deliver videos to through its Internet movie service. The service offers unlimited watching of movies and television shows for subscribers who pay $8.99 or more a month for various membership plans.

There are nine million PlayStation 3 owners in the U.S. and 11.1 million Netflix subscribers, according to Sony and Netflix.

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Author : Steve Gavriliuc

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mscleavite

So Sony is going to charge $8.99 per month for the netflix streaming app/service. That is not much less than I pay for my Netflix service that comes with "FREE" steaming. I love my ps3 and would love the netflix app for it, but that is a little steep. I will just stick with old pc connected to big screen tv.