Earlier this year, Warner Bros. was one of the first home video companies to make a deal with Netflix that would delay the availability of new releases by 28 days in exchange for greater access to Warner’s catalog. Now the company says it is mulling over the possibility of making that delay even longer.

Says Time Warner CEO Jeff Bewkes:

“So far the 28-day window has clearly been a success versus no delay… The question of whether we ought to go longer is very much under scrutiny. It may well be a good idea.

Bewkes says Warner won’t seek to make any changes to its current agreement with Netflix until that deal expires in 2011.

Question is: Which is more important to Netflix subscribers — Having the newest movies or a larger selection of movies to stream online?

Time Warner May Consider Longer Delay for Netflix, Redbox [BusinessWeek]

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.