“Netflix’s streaming service won’t receive any newer movies from Warner – “it’s not that much of a breakthrough,” Mr. Hastings said – but it will get a larger piece of the Warner back catalog. And because Netflix is getting a better price on discs and can therefore buy more, subscribers will soon encounter no wait times when they want to receive the most popular Warner new releases, particularly for high-definition Blu-ray discs.”

Still not convinced it was worth it. We’ll find out in time, I guess.