Netflix strikes movie deal with Weinstein Co.

February 21, 2012 (WPVI) -- Netflix says it will stream certain movies from The Weinstein Co., including "The Artist," under an exclusive licensing agreement.

The companies say their multiyear agreement will cover foreign-language movies, documentaries and some other films in the Weinstein vault and make them available for instant viewing on Netflix.

Netflix Inc. says it will get some films within a year of their release in movie theaters. It says it will show "The Artist," a silent movie that has received 10 Academy Award nominations, before it appears on premium cable-TV networks.

The companies aren't disclosing financial terms.

Netflix shares rose $3.30, or 2.7 percent, to $125.15 Tuesday morning.

Netflix is based in Los Gatos, Calif.

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