Netflix Announces Q3 2010 Financial Results

Subscribers - 16.9 million - Revenue - $553.2 million - GAAP Net Income - $38.0 million - GAAP EPS - $0.70 per diluted share 

Netflix, Inc. (Nasdaq:NFLX ) today reported results for the third quarter ended September 30, 2010.

“Q3 represents our fourth consecutive quarter of more than one million net subscriber additions.  This growth is clearly driven by the strength of our streaming offering.  In fact, by every measure, we are now primarily a streaming company that also offers DVD-by-mail,” said Reed Hastings, Netflix co-founder and CEO.  “At the same time, the introduction of our streaming offering in Canada in late September has provided us with very encouraging signs regarding the potential for the Netflix service internationally.”

IMAX and Regal Entertainment Group(R) Expand Joint Venture Relationship for up to 25 New IMAX(R) Theatres

Expansion and Extension of Previous JV Agreement Adds to Regal's Significant IMAX Presence in North America New Joint Venture Agreement Calls for Minimum of 16 Theatres, With Potential for up to 25

IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Regal Entertainment Group (NYSE:RGC), today announced an expansion of the companies' joint venture agreement to include installation of an additional 16 to 25 new IMAX(R) theatres in the United States. These theatres, which are part of an amendment to the parties' original 2008 joint venture agreement, are in addition to Regal's previously committed rollout of 39 IMAX joint venture theatres, 34 of which are in currently in operation. As part of the agreement, Regal also plans to upgrade eight of its existing film-based IMAX theatres with IMAX's digital projection technology.

IMAX and Rave Motion Pictures Sign Joint Venture Deal for 13 IMAX(R) Theatres

IMAX Continues Network Expansion by Entering New Markets Across the U.S; Theatres to Begin Opening in November 2010 IMAX Reaches Record Number of Signings in a Single Year

IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and Rave Motion Pictures ("Rave"), the fifth largest theatre exhibition chain in the United States, announced today that they have reached a joint venture agreement for the installation of 13 IMAX digital theatres at Rave locations around the country. Six theatres are scheduled to open in November 2010, and the remaining seven are planned to open in early 2011. The joint venture agreement is the first between IMAX and Rave and will expand the IMAX(R) theatre network to moviegoers in key mid-sized markets in Alabama, California, Connecticut, Florida, Illinois, Indiana, Iowa, Louisiana, Ohio, Pennsylvania and Tennessee. Rave already operates four IMAX film-based theatre systems, three of which will be upgraded to IMAX's digital projection system in 2011 as part of this deal.

EPIX and Netflix Announce Exclusive Internet-Only Deal to Instantly Stream EPIX Movies to Netflix Members

EPIX™ and Netflix, Inc. [Nasdaq: NFLX] today announced an agreement through which Netflix members can instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix. Movies from the multi-year deal will begin streaming from Netflix on September 1 and include movies from Paramount, Lionsgate and MGM.

EPIX has subscription pay TV rights to new releases and movies from the libraries of its partners and will make these movies available to Netflix 90 days after their premium pay TV and subscription on demand debuts. Historically, the rights to distribute these films are pre-sold to pay TV for as long as nine years after their theatrical release.