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by rhino369
1487 days ago
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For Netflix it is worse than selling at cost. They were sourcing most of their content from the companies they were putting out of business. It was unsustainable at any cost. Until Netflix, TV production was funded by Networks paying for first run rights. The re-run/steam right were worthless unless you could get big re-run deals. So they got the rights for next to nothing and destroying the networks that paid for the content in the first place. |
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