Netflix requires the two DLLs, "VCLibs120" and "PlayReadyClient2". These DLLs are installed automatically by the store.
But according to the event log, the store seems to think Netflix requires "VCLibs110" and "PlayReadyClient".
So I have tried to install Flixster to install "VCLibs110" and "PlayReadyClient". These DLLs are also installed automatically by the store.