POSTED: Monday, January 18, 2010 - 11:11am
UPDATED: Wednesday, February 17, 2010 - 2:26pm
Nintendo teams up with Netflix to offer movies on Wii...
Soon, when you're watching a movie at home, you won't have to reach for your remote to adjust something.
You'll be able to reach for your "Wii"-mote. Netflix, striking a new deal with Nintendo to stream movies live from your Wii.
"They can stream movies, as many as they want, no additional fees," says Netflix CEO Reed Hastings.
He talked to us about why the Wii deal, along with deals with other game consoles, TV sets, and DVD players, is part of the company's strategy to move away from the envelope and towards streaming video.
Hasings says, "We wanna be on all the devices in the living room. You can go from playing Wii golf to choosing movies. It's just great."
Netflix already has 11 million subscribers. It will, come spring, have access to 26 million wii households.
That will surely boost its bottom line and Hastings says some of that money will be used to expand its streaming library of movies.
"We are able to invest in that streaming. We're building our streaming library. You click and you watch," says Hastings
Or play. Either way, it's more entertainment from the comfort of your home.