Traditional movie renting is on the decline, and video streaming picks up more steam everyday. Yesterday Blockbuster filed for Chapter 11 bankruptcy, the latest video rental chain in recent years to feel the pressure of the digital age. In the wake of the announcement, Netflix’s stock has soared, and today it Netflix announced it’s adding more content to it’s digital streaming library, furthering itself as the future for rented entertainment content.

With a new agreement with NBC Universal, Netflix will bring more of the conglomerate’s library to Netflix streaming than ever before. All past seasons of “The Office, 30 Rock, and Friday Night Lights” will remain on the service, while “Battlestar Galactica, Psych, and Saturday Night Live” will make their debut on the service.

Yesterday, rumors began to circulate the web that soon Netflix will introduce a streaming-only subscription plan. Currently, customers must subscribe to a plan tied to DVD deliver, starting at 8.99 a month, so the digital transition may be complete sooner than people think.

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Jason Woods is a Blast staff writer

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