August 7, 2009 (FinancialWire) — Online movie rental firm Netflix, Inc.’s (NASDAQ: NFLX) board has authorized a stock repurchase program that enables the company to purchase up to $300 million of its common stock through the end of 2010.

The repurchase program is in addition to an authorization reported in January. The company said it expects to finance the repurchase program through any or a combination of working capital, cash flows from operating activities and debt financing.

Los Gatos, California-based Netflix is an online movie rental service with more than ten million subscribers.

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