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Netflix Is Spending Itself Into a Future It Can't Afford

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Rocco Pendola submits:

Now judge judge I had debts no honest man could pay
The bank was holdin' my mortgage and they was takin' my house away
Now I ain't sayin' that makes me an innocent man
But it was more 'n all this that put that gun in my hand

-Bruce Springsteen, Johnny 99

In a previous article about new and old media, I reintroduced the world (or an incredibly tiny sliver of it) to George Costanza's worlds theory. It appears that Netflix (NFLX) executives don't feel the need to pay attention. While I don't have a large enough ego to think that a man of Reed Hasting's stature should pay attention to me (or Larry David's theory), I do hope he realizes that worlds are about to collide.

There's a perfect storm brewing. As I discussed in another article, when spending-spree Netflix further encroaches on revenue-generating Netflix's territory, things will get


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