Netflix announced today that it will be bringing its streaming service to the PS3. Netflix's streaming service will be available to around 9 million PS3 users residing in the US beginning next month. PS3 users will need a Netflix account and an absolutely free BD-Live disc - Blu-ray disc with internet functionality - to access Netflix's extensive content catalog.

PS3 users will have to insert the disc into their console each time they wish to enjoy streaming content from Netflix's library. But this disc-popping ritual should only last until the two companies enable direct access to the service. "As a leading game console and Blu-ray disc player, bringing Netflix to the PS3 system is a real win for both Netflix members and PS3 system owners,"said Netflix CEO and co-founder Reed Hastings.