VIDEO : Viacom Signs Multi-Picture Deal With Netflix

According to Reuters, Viacom Inc?s Paramount Pictures Chief Executive Officer Jim Gianopulos said on Friday the media giant has signed a multi-picture film deal with Netflix. Gianopulos told analysts on a conference call, ?Our priority is to expand our role as a major global content supplier. As such, we?re exploring various new revenue streams in addition to our traditional theatrical releases as a producer of first-run films and television for other media platforms".