Netflix.com has announced it will begin rolling out streaming movie service to its subscribers. Initially, the new feature will offer about 1,000 titles and its selection will expand over time as licensing for electronically delivered movie rentals widens.

Netflix said it expects to make the new feature available to all Netflix subscribers by the end of June. The hours available for instant watching will vary based on subscribers’ monthly plans. For example, subscribers on the entry-level $5.99 plan will have six hours of online movie watching per month and subscribers on Netflix’s most popular plan, $17.99 for unlimited DVD rental and three discs out at a time, will have 18 hours of online movie watching per month. (from Netflix press release)

The media delivery revolution is well underway. You’ve got to wonder how much presense physical media (cds, dvds) will maintain in the next couple of years. As drive space gets cheaper, and broadband connections speed increase, services like Netflix streaming and iTunes may just kill the almighty disc.