By Angie Han/Feb. 22, 2011 8:28 am EST
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Advantages of Instant Video include built-in options to rent or buy a film — Gizmodo reports that the average prices are around $12 to buy a film and $4 for a three-day rental for new titles, or slightly lower for old titles. Certain foreign-language films also allow you to choose between subtitles and dubbing.
While it’s still early, if Instant Video it does as well as expected, it’ll be the only serious competitor to Netflix’s Watch Instantly service. (To echo Adam Quigley, “Sorry, Hulu Plus.”) Investors seem to have already taken note: according to The Hollywood Reporter, “Netflix shares opened lower on Tuesday.”
Here’s the full press release, via Gizmodo:
