Netflix's New Prospects, Warner Bros. Expands

Miramax is currently in licensing discussions with Netflix and other video carriers, including Google, Amazon, and Hulu, a source told the Los Angeles Times. The indie film studio wishes to digitally distribute its 700-film library, which boasts names like "Pulp Fiction" and "Good Will Hunting." No deal has been set, but such an agreement would reportedly exceed $100 million.

Moving north of the border, Netflix has inked a five-year deal with Paramount Pictures to stream films and television programs in Canada from the studio's library, including subscription TV rights to all first-run films. Over the next few months, Netflix will make available 350 new movies, such as "The Last Airbender" and "Titanic," to its Canadian customers, according to The Hollywood Reporter.

In what has been viewed as a counter move against Netflix's growth, Warner Bros. said late Sunday it has expanded its streaming film rental partnership with Facebook. Besides the already available "The Dark Knight," users may also rent the titles "Harry Potter and the Chamber of Secrets," "Harry Potter and the Sorcerer's Stone,""Inception," ""Life As We Know It," and "Yogi Bear," according to the Wall Street Journal. After rented, a movie will then be streamed on its Facebook fan page for 48 hours. Warner Bros. is the first to use a social networking website to stream movies.