Netflix makes its debut in the UK and Ireland next year, it'll do so with MGM Studios by its side. Today, the two companies announced a new licensing agreement that will give Netflix exclusive regional streaming rights to "most first-run feature films from MGM." Included on that list of movies are The Hobbit: An Unexpected Journey, the prequels to Peter Jackson's Lord of the Rings trilogy and 21 Jump Street, among others -- all of which will be available across multiple platforms within one year of their theatrical release. Netflix will also stream a selection of catalog MGM titles, including Fargo, The Usual Suspects, and (snap) West Side Story. Netflix has yet to announce a launch date more specific than "early 2012," and exact pricing remains a mystery, but we'll be sure to let you know as soon as we hear more. In the meantime, you can find more details and delectable delights in the full PR, after the break.