Netflix and Miramax have planned to undergo a five-year deal worth more than $100 million. A previous report reveals that the deal was earlier valued at about $50 million over five years, but then changed to $100 million over five years.

In a Thursday blog post, online video biggie Netflix published its list of highest-performing US Internet Service Providers (ISPs) in terms of their performance in delivering the company's online streaming videos between October 1 and November 15.

Video subscription service of Netflix bagged in 3.1 million customers more during the fourth quarter. As a result of that the firm could deliver a performance that was better than analyst’s expectations.

The results got announced on Wednesday and it proved that Netflix is increasingly playing an important role in home and mobile entertainment.

Comcast, the cable giant demands unfair fees for providing video feeds to home subscribers as alleged by one online networking company that carries video feeds for Netflix. This incident has raised doubts regarding Comcast's power in controlling customers' access to the Internet.

With the customers becoming increasingly eager to watch videos via the Internet, Netflix recently announced its latest strategy shift in the direction of online only streaming video service.

In a move that marks Netflix's yet another deviation from its roots in DVD rentals by mail, the Los Gatos, California-based movie rental company Monday introduced a new subscription plan which allows customers to watch movies only online.

In a Friday blog post, Netflix confirmed that it is currently working on an instant streaming service that will allow users of Android handsets to stream content from their instant queue straight from their phones. The service will become available sometime next year.

Netflix’s rejoicing at new record high in stock price was cut short by an outage which made the popular streaming service go offline on Friday. After the nearly three-hour-long outage, from $:30 PM ET to 7:15 PM ET, video streaming was once again working, though some users still found it difficult to get to the site.

Since its debut in 1999, Netflix has grown enormously. The company rose to success with its by-mail DVD rental service. Its Canadian streaming-only service has been a hit and is on track to becoming profitable late next year. This has encouraged the company to test the model on other markets.

Close on the heels of Netflix’s last week announcement of disc-free online streaming for Sony’s PlayStation 3, Netflix and Nintendo announced on Monday that Netflix users will soon be able to stream disc-free online movies and TV shows to Nintendo’s Wii gaming console.