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Reed Hastings has angered Netflix customers twice this summer, raising prices and splitting off the two services. He hopes to regain favor by signing Dreamworks.

Amazon-Netflix Streaming Arms Race Heats Up

On Monday, Amazon announced that it had closed a deal with 20th Century Fox to stream 2,000 of the studio's titles under its Amazon Prime subscription service. This news followed close on the heels of Netflix's announcement that it had signed an exclusive deal to stream movies from DreamWorks Animation. The two companies have spent the past several months snapping up content in a decidedly eager - if piecemeal - way.