Netflix adding Miramax streaming Monday

Netflix is finalizing a deal with Miramax to add the studio's library of over 700 movies to the Netflix streaming service, reports WSJ. The five-year deal is reportedly worth more than $100 million.

Streaming for Miramax movies is set to start on Monday according to movie industry blog Streaming Soon. Among the new additions are movies like Clerks, Pulp Fiction, Scream, Black Hawk Down, Bowling for Columbine, and the Rob Lowe classic, The Animal. Other movies like Good Will Hunting and No Country for Old Men are part of the Miramax library, but not being added on Monday.

For Netflix, this means a huge influx of new content, especially since studios usually hold back its more most popular titles from streaming production. Miramax, meanwhile, is scoring a nice deal for the investor group that bought it last year, Filmyard Holdings LLC.

Netflix streaming services account for a pretty significant amount of internet traffic, especially on Netflix-equipped consoles like the PlayStation 3, Xbox 360, and Wii. With this deal, you can relax on Memorial Day with Swingers piping directly into your home.