The formation of 3net Studios allows the company to further build upon the award-winning library that fuels its flagship 3net channel service in the United States, while also offering existing and new partners around the world a vibrant, top quality 3D and 4K content source.

ENGADGET: Initial projects from 3net Studios include the world's first native 4K TV show

The formation of 3net Studios will allow the company to further build upon the award-winning library that fuels its flagship 3net channel service in the United States, while also offering existing and new partners around the world a vibrant, top quality 3D and 4K content source.

ENGADGET: Sony, Discovery and IMAX launch 3net Studios to produce in-house 3D content

The official announcement made Tuesday by Netflix and pay-TV channel Epix said the latter will offer exclusive digital rights to its extensive library beginning Sept. 1.

FORBES: Netflix's Billion Dollar Bet

"As the owner of the world's largest licensed karaoke library and karaoke service on TV and Internet, the KARAOKE Channel will combine its expertise with the advanced capabilities of the Xbox 360 platform from Microsoft to develop the best in-home karaoke experience ever, " says Eric Boyko, President and CEO of Stingray Digital Group Inc.

ENGADGET: Karaoke for Xbox Live brings pay to play sing-alongs to your holiday parties

Given the opportunity, the Disney-owned cable channel would happily add the high-profile tourney to an ever-expanding library of sports rights that already includes Monday Night Football, major league soccer and the BCS postseason package.

FORBES: Butler's Loss Is CBS' Gain

On the other hand, NetFlix is a formidable distribution channel for content providers as it has almost ubiquitous presence on devices, a large library, at a competitive price.

FORBES: NetFlix: Opportunity to Buy or Bail?

Why buy a science lecture when you can download a syllabus from NASA, the Discovery Channel or PBS for free, or plug into Swarthmore College's math education library?

CNN: Web puts the home back in homework