Online video streaming service Netflix which launched in Canada late 2010 announced this week a multi-year agreement with Paramount Pictures has been signed.  The deal will provide additional content from Paramont’s library of content such as “The Last Airbender” and Marvel’s “Iron Man 2,” “Zoolander” and “Wayne’s World.”

“We are committed to constantly expanding our selection of top new movies and TV shows for our Canadian members,” said Ted Sarandos, Netflix Chief Content Officer. “This agreement will allow them to watch some of the latest hit Paramount films as well as an incredible range of the studio’s recent and classic favorites anytime they want. Netflix and Paramount enjoy a great relationship and are proud to bring such a terrific array of films to Netflix members in Canada.”

The five year agreement will add over 350 new movies available to watch instantly from Netflix in Canada.