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Will Facebook Take on Netflix?

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Warner Bros. to start renting movies on social network.

Amazon is already trying to get on Netflix’s turf. Is Facebook next? Warner Bros. will begin renting movies digitally on Facebook, starting with The Dark Knight. It will cost 30 Facebook Credits to rent the film, which is $3. Users will then have 48 hours to watch the movie. Goldman Sachs analyst Ingrid Chung says Facebook “could some day become a credible threat to Netflix.”

Read it at The Hollywood Reporter

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