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Posted AT 10:23 AM EDT on 20/05/08

Now playing: Netflix movie downloads

Reuters

NEW YORK — Netflix Inc. said on Tuesday it will offer a device for just under $100 (U.S.) to let people transfer movies to their televisions, while a Lehman Brothers analyst raised his rating on the company's stock. Netflix shares rose more than 7 per cent in early trading. Netflix said that it and partner company Roku will offer a device that lets Netflix subscribers “stream” movies and television episodes to their TVs.

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