Facebook Digging into More Netflix (NFLX) Territory

Netflix (Nasdaq:NFLX) is slowly facing more competition from giant competitors, with the latest news being several additions to the social networking site of films from Warner Bros.

The movie company said they're ready "expand its test offering of movies for rental through Warner Bros. Entertainment's Facebook Movie Pages."

"The Dark Knight" was the first movie to be offered on the website, and will be followed by "Harry Potter and the Sorcerer's Stone," "Harry Potter and the Chamber of Secrets," "Inception," "Life as We Know It," and "Yogi Bear." All movies are now available on Facebook for viewing.

Facebook users can rent the movie for approximately $4 each, equal to close to 40 Facebook credits for those familiar with the site.

Users can rent the movie for two days and view it as many times as they wish during that time.

Once there is a serious variety of top-level films, it will be interesting to see if it begins to make a dent in Netflix, which is surely will after time, although it appears it'll be incrementally, depending the the pace titles are released rental.