Money Matters - Simplified

PS3 to offer Netflix streaming from November

The move by Sony to harness its console’s ability beyond gaming and Netflix foraying further in the game console market will surely help the two companies increase their presence in the burgeoning entertainment industry

New York, October 26-- In what is being seen as a good news for PlayStation 3 (PS3) owners, Sony Corp has reached an agreement with Netflix Inc. whereby the online DVD and Blu-ray Disc rental service will offer movies to Sony's PlayStation 3 game consoles.

With the service scheduled for launch next month, PS3 owners will be able to stream movies to their TV sets via their game consoles.

The service will be available for free to PS3 users who have a Netflix subscription. To access the service, the users will have to put a special Blu-ray disc, in the game console, which will activate the Internet service and provide access to Netflix library to allow streaming.

Revving up market share
The move by Sony to harness its console’s ability beyond gaming and Netflix foraying further in the game console market will surely help the two companies increase their presence in the burgeoning entertainment industry.

Netflix is already offering streaming facility on a broad range of devices the Roku digital video player, Internet-connected TV sets, Blu-ray players, Xbox 360 etc.

In case of Microsoft’s Xbox 360, the service is limited to "Gold" members, who pay $50 a year to play games online.

With no such conditions forced upon on PS3 owners, Sony has the potential to blunt the momentum of Microsoft and its game console.

Further, the online DVD rental service is presently offering 17,000 movies and TV shows for steaming, thus expanding the range of movies the Sony offers through its game console. Currently, there are 9 million users of PS3 in the nation and 25 million worldwide.

For Netflix also the deal spells beneficial as it would add to the 11.1 million customers it has in the nation. This only leaves Nintendo’s Wii as the last game console without Netflix streaming.

End users happy
There is quite a buzz on online forums where end users are discussing the latest deal between Sony and Netflix. All most all the users have appreciated the latest move by the maker of PS3 game consoles.

A user named CaramelZappa commented on engadget.com- “Cross game chat, party system, demos for all downloadable titles, and a bunch of fantastic exclusives.

Sony's really been upping the value of the PS3 though. I own both consoles, but if I didn't own either and was looking to buy one, the PS3 is easily more value for the money.”

Another user named xDeathReaperx_2 posted his view on PLAYSTATION.BLOG, “Awesome, Sony! You guy’s are heading in the right direction, and the console is really turning it to that “Entertainment System” Keep up the great work!

“Haha! So you don’t need a Gold account like Xbox Live might need for NetFlix. Score one for Sony!

“Netflix is a great rental service. Did you know that Xbox also has it’s own separate video marketplace. Yet Netflix is just as successful still. It’s needed. End of story,” stated a user named Ilikemonkeys on the same forum.