Netflix and Metro-Goldwyn-Mayer Studios (MGM) this morning announced a multi-year licensing agreement that will make Netflix the exclusive subscription streaming service in the UK and Ireland for most first-run feature films from the movie studio.

Starting in early 2012, when Netflix is set to make its debut in the UK and Ireland, registered members will be able to watch available content instantly on their television sets, tablets, game consoles, computers and mobile phones. Pricing for the service in these regions has yet to be announced.

Appearing exclusively on Netflix within one year of their theatrical release will be such MGM films as “The Hobbit: An Unexpected Journey” and “The Hobbit: There and Back Again,” the prequels to the “Lord of the Rings” trilogy, “Zookeeper”, and “21 Jump Street”.

A selection of MGM catalogue titles will also be available on Netflix in the UK and Ireland, including “Fargo,” “The Usual Suspects,” “West Side Story” and “The Amityville Horror”.