Netflix forms PAC for donating to candidates

Netflix spent $175,000 on lobbying in the fourth quarter of 2011, retaining outside firms Kountoupes Consulting, Monument Policy Group and Franklin Square Group.

Among the issues Netflix lobbied on last quarter was the Video Privacy Protection Act, a 1988 law that bans the sharing of video rental information without the consumers' consent.

Netflix argues the law should be amended to allow users to opt in to automatically and share their viewing habits on social networks like Facebook. Users can already share the songs they listen to and the articles they read.

Brendan Sasso contributed to this report.