Tow month ago, Netflix acquired the rights to stream “Mad Men.” At the time, the Los Angeles Times reported that the company paid $900,000 per episode just to get its hands on the show. Netflix never confirmed that report.
The addition of “Mad Men” to Netflix bolsters the company’s streaming lineup, and follows the recently announced availability of the Oscar-nominated movie “The Fighter.”
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Those two additions come at an important time for the company as it tries to weather complaints from customers upset about the recently announced 60 percent price hike on those who want both unlimited streaming and DVD rentals.
Netflix seems confident, though, that it won’t face too much backlash when all’s said and done. The company said during its second-quarter earnings report this week that it expects “most to say with us because each of our $7.99 plans is an incredible value.”
Even better for Netflix, it expects the price hike to eventually help it generate $1 billion in quarterly revenue–a milestone that it has so far been unable to reach.
Important: Netflix and CBS have announced a two-year deal that will allow certain shows–such as those from past seasons of Showtime’s “Californication” and “Dexter”–to be streamed to Netflix subscribers in Canada and Latin America.
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