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Netflix’s ‘Watch Instantly’ Service in Trouble?

The first time we streamed a movie in high-definition on our Xbox 360 using Netflix's incredible "Watch Instantly" feature, we wondered how something so wonderful could possibly have been approved by content owners, who usually tend to frown on smooth-running technology that makes their product conveniently available in a way people actually like. And now, says The Wall Street Journal, "a correction is looming." According to the paper's Martin Peers, Hollywood movie studios — many of whom are considering streaming services of their own, none of which will be as good — will probably soon seek to renegotiate their content-supply deals on more favorable terms. [WSJ]

Photo: Courtesy of Netflix