NEW YORK ( TheStreet) -- In case you missed it, Amazon.com (AMZN - Get Report) stole the rights to "Downton Abbey" reruns from Netflix (NFLX - Get Report) last week. In and of itself, this is not a big deal, but don't ignore the news. Reed Hastings isn't. And, if he is, quite frankly, he's foolhardy.Hastings likes to make you believe his company operates from a position of strength. He uses all sorts of smoke and mirrors to do it, but, ultimately, Netflix cannot continue to finance its admirable content acquisition, original programming and international expansion efforts by refinancing and taking out debt.
Amazon vs. Netflix: Jeff Bezos Could Squash Reed Hastings Like a Bug
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