by Christopher Freeburn | April 3, 2013 10:41 am
Netflix (NASDAQ:NFLX) has another movie streaming rival. This time, its one of the major film studios.
The latest streaming service is being offered by Time Warner‘s (NYSE:TWX) Warner Bros. Called Warner Acrhive Instant, users will pay $9.99 a month to receive access to the studio’s catalog of movies, reaching as far back as the 1920′s, Bloomberg notes.
Included in Warner Archive Instant’s offerings is exclusive access to a number of film and TV titles not covered under the studio’s current streaming deals with Netflix or Redbox Instant, a joint venture between Coinstar (NASDAQ:CSTR) and Verizon (NYSE:VZ), which officially launched last month.
The service is offering a free two-week trial. Certain film and TV titles will be available in high-definition for those using Roku’s video streaming devices.
Shares of Time Warner climbed more than 1% in Wednesday morning trading.
Source URL: http://investorplace.com/2013/04/warner-bros-launches-10mo-streaming-service/
Short URL: http://invstplc.com/1foCnIF
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.