Netflix to use Sony PlayStation as 'primary development platform'

Netflix (Nasdaq: NFLX) and Sony said Tuesday that Netflix plans to use the Sony PlayStation 3 gaming console as its "primary development platform" for distributing video to its online video subscribers. The companies also said that the PS3 is used by Netflix subscribers more than any other device to stream TV shows and movies. "PS3 is a natural fit for Netflix in terms of developing and first deploying our most advanced features. We can transparently update our application with new features on a daily basis," Neflix CEO Reed Hastings said in a prepared statement. Read more