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Netflix obtains rights to stream Paramount, Lionsgate, and MGM movies

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Netflix announced a deal Tuesday that will allow the online subscription service to stream movies from Paramount Pictures, Lionsgate, and MGM, according to The New York Times. In a deal that Wall Street analysts estimate will cost Netflix $900 million over the course of five years, the company purchased the streaming rights to the three studios’ output from the premium TV network Epix. The deal, which begins Sept. 1, will allow Netflix to add such movies as Iron Man and The Curious Case of Benjamin Button to its “Watch Instantly” library of online titles.