Netflix seals deal to stream Miramax movies, starting in June

Netflix has just gone and scooped up another big content deal for itself. The movie streaming service has tied the knot with Miramax on a multi-year agreement to allow streaming of films from the latter's extensive library. Pulp Fiction, The English Patient, Kill Bill, and hundreds of others will be added to the Netflix Watch Instantly catalog on a rotating basis, starting next month. This marks the first time Miramax flicks have been available on a digital subscription service. An agreement between these two companies was last rumored in March, with a five-year term and $100 million price being mooted as the likely parameters for getting it done. Neither outfit would disclose the cost to Netflix, but the benefit to you, dear subscriber, is pretty obvious. Full PR after the break.

Reuters: a failed takeover of T-Mobile would cost AT&T as much as $6 billion

AT&T's proposed acquisition of T-Mobile was a big deal as soon as it was announced, but now Reuters has unearthed some more context to lend it even more cruciality. We already knew that in the event of AT&T&T-Mobile failing to garner regulatory approval, AT&T would owe Deutsche Telekom, the current owner of T-Mo USA, $3 billion in cash, some spare AWS spectrum, and a roaming agreement "on terms favorable to both parties." Reuters' sleuths say that the spectrum in question is worth $2 billion and the roaming deal a further $1 billion, bringing the total breakup payout to a hair-raising $6 billion. Given the wording of the two companies' deal, we don't expect the roaming part of that settlement would be free for T-Mobile (so $6b looks to be a bit of an over-estimation), but the fact remains that AT&T is staking a whole lot of moolah on this takeover going through. Whether it does or not, Deutsche Telekom's René Obermann (above left) looks assured to still be laughing this time next year -- but will the same be true of AT&T's Randall Stephenson?

Reuters