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Warner Bros. Launches $10/Mo Streaming Service

hollywood sign 630Netflix (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.

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