Netflix Application to be Available free on iPod and iPhone

Netflix Inc, the subscription based Disk rental and Internet Streaming Co. launched free iPhone and iPod application on Thursday. It allows subscribers to watch TV shows and movies on Apple’s handheld devices.

Netflix said that the subscription charge for the app on iTune subscribers starts from $8.99. Earlier this month, Netflix made a $1 billion deal with pay TV channel Epix. The deal will make Netflix to become the exclusive web-only distributor of films from Paramount, Metro-Goldwyn-Mayer Studios and Lions Gate Entertainment