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There's nothing like a momentum stock, particularly in a world littered with macro-level uncertainty.
Some alternative, albeit informed thoughts that go against pretty much everything else the Hastings-controlled State media gives you on Netflix.
First on the
Sony(SNE - Get Report)deal.
Did you ever wonder why studios such as Sony do deals with Netflix? If you believe the Reed Hastings' propaganda machine, it's because Netflix is the future
now. The traditional methods for delivering original programming are a thing of the past.
Of course, that's not true.
Time Warner's(TWX - Get Report)HBO and
AMC Networks(AMCX - Get Report) continue to perform better than they ever have. The latest
The Walking Dead scored an 8.2 rating in the 18-to-49-year-old demographic the other night. That's 10.4 million adults.
The Walking Dead aftershow scored 5.1 million sets of eyeballs, including 3.3 million 18-to-49-year-olds.
There's no way to describe that other than saying it's
sick. Not as in anemic, but sick as in
not bad meaning bad, but bad meaning good. We don't know
because Netflix won't tell us, but I would be willing to wager Reed Hastings that the number of viewers to
The Walking Dead post game hit is greater, by a significant margin, than the total number of Netflix subscribers who watched any of the outlet's original series at any one time.
But shame on me for allowing facts to get in the way of the Netflix story. Because, after all, if it wasn't for Netflix, AMC Networks, as well as HBO, would be struggling with their originals. We wouldn't be hearing about
Game of Thrones,
The Walking Dead and other hits if Netflix wasn't there to save these fools from their uncreative selves.
But, humor my alternative thesis pursuant to the original question:
Did you ever wonder why studios such as Sony do deals with Netflix?