Netflix has confirmed that the rental service is going to be on the Playstation 3 in North America some time in November. Netflix has been available to Xbox 360 users for streaming.

The PS3 service will cost $8.99 a month. Instant watching is available with an unlimited Netflix membership for no additional fee. While it’s free, you will need to reserve a instant streaming disc that can be ordered here.

“The PS3 has always been about more than just gaming, and it will soon be the only platform in the industry to offer consumers such a variety of convenient options for enjoying movies and TV shows,” SCEA president and CEO Jack Tretton stated.

“Whether you want to watch content on Blu-ray disc and DVD, download it from the PlayStation Network’s video delivery service, or stream videos instantly from Netflix, the PS3 system is the only solution that offers it all.”