Service will be available this spring.
"Our growth in the last two years has been propelled in large part by our investments in streaming content and in the streaming platform," said Netflix CEO Reed Hastings. "When the Wii application ships, it's going to really open up a large additional opportunity."
The report also says Wii owners will be able to subscribe at a minimum $9 monthly cost, and like Sony's PlayStation 3, will require a Netflix DVD to be inserted into the console before playing, which will ship to owners at no additional cost.
The service will be available this spring.