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Miramax Announces Deal With NetMovies To Stream Films In Brazil

By | Monday November 21, 2011 @ 6:15am PST

SAO PAULO and SANTA MONICA, November 21, 2011 – NetMovies Entertainment, Inc. and Miramax today announced a multi-year licensing agreement under which NetMovies customers will have instant streaming access to numerous titles from Miramax’s prestigious film library.

Countless iconic hit films and award-winning titles from Miramax, including “Pulp Fiction,” “The English Patient,” “City of God,” “Amelie,” “There Will Be Blood” and “Kill Bill,” will be available to NetMovies customers, beginning December 1, 2011.

NetMovies customers will have instant access to these great Miramax titles, and many others, across PC, Macs, Smart TVs, connected Blu-Ray players, iOS and Android tablets and smartphones and very soon on videogame consoles.

“As a devoted fan of independent cinema, I could not be more excited to bring our loyal customers such classic titles as the films included in the Miramax canon. I am so happy to enter into a partnership with this company and help bring their titles to Brazilian homes. I look forward to growing this relationship even further in the future,” said Daniel Topel, NetMovies founder and CEO.

“We are very pleased that Miramax movies will now be available to the large network of customers from Brazil devoted to NetMovies’ strong platform and great service,” said Mike Lang, CEO of Miramax. “This is another key step as we take advantage of digital channels to maximize our library around the world and bring Miramax movies to new and growing audiences, especially to such an exciting

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Will Hollywood Make Sure That Netflix Faces Competition Overseas?

That’s what some analysts here predict after looking at the deal Disney announced yesterday to license movies and TV shows to NetMovies Entertainment, a Brazilian competitor to Netflix. The release says this is “the first major global studio deal for NetMovies,” which is described as “Brazil’s largest and most comprehensive online subscription service for movies and TV series” with more than 35,000 titles in its library. The multiyear deal will enable NetMovies’ subscribers to see a “large array” of Disney’s movie and TV content via broadband — including the first three Pirates of the Caribbean films, Wild Hogs, Desperate Housewives, Criminal Minds, and Brothers And Sisters. Customers also can rent DVD and Blu-ray discs. Susquehanna Financial Group analyst Vasily Karasyov says this morning that the agreement with Disney ”illustrates our argument that studios will work hard to ensure that Netflix isn’t the only buyer of streaming rights.” And although BTIG analyst Rich Greenfield questions how well financed NetMovies is, with competitors such as Amazon, Apple, Dish Network, and Google ramping up their online video businesses here Disney’s agreement with NetMovies could cause Netflix’s “wounds to fester” as it tries to expand in Latin America. International growth “is becoming more important daily” for Netflix, he says.

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