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Netflix: The Global All Purpose Streamer
Netflix is spending more than others as you go forward over the next year. Netflix can continue to increase market share, grab subscribers and grow revenue even with relatively flat content spend. The mistake Reed has made was he never assumed all of these companies would lose this much money. I wouldn't be shocked if Disney sold Star TV over the next few years. Like I think the global ambitions of legacy media are dropping very, very precipitously.