Netflix Inc. (NFLX). The company has won a deal to pipe Dreamworks Animation (DWA) movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported on Sunday. Dreamworks CEO Jeffrey Katzenberg told the newspaper the deal, worth $30 million per picture to Dreamworks over a number of years, was "game-changing" and represented a bet that viewers would soon no longer make distinctions between content streamed on the Internet or through cable.
They have to wait until 2013? That's an eternity in this market. Netflix might be at $10 a share by then.
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