Ever wanted to know exactly when your friends were watching Downton Abbey? Well, wonder no more!

Netflix (NASDAQ:NFLX) is joining forces with Facebook (NASDAQ:FB) to create Netflix Social.  Users of both services can choose when and what they wish to post on their mini-feeds. In short, if you want everyone to know you're watching a French art house movie, now you can put it up on your Facebook feed. The same goes for your guilty-pleasure TV shows. (RuPaul's Drag Race, anyone?)

The news comes as a big win for Netflix, which fought hard to get Congress to change its Video Protection Act just for this new service. After all that work, will this new venture pay off? In the video below, Fool contributor Caroline Bennett examines the new partnership.

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Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends Facebook and Netflix. The Motley Fool owns shares of Facebook and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.