NEW YORK (

TheStreet

) -- While the chatter surrounding

Netflix's

(NFLX) - Get Netflix, Inc. (NFLX) Report

split-up has been on the possibility of an

eventual sale of Qwikster

, it could actually be the company's streaming service that is acquired.

Wedbush analyst Michael Pachter said he foresees the streaming service, which will live under the Netflix banner, being sold to

Amazon

(AMZN) - Get Amazon.com, Inc. Report

.

"In our view, Amazon has always wanted to be in the streaming business, and has been constrained from buying Netflix due to tax considerations," Pachter wrote in a note.

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If Amazon was to acquire Netflix's streaming business, it would immediately triple the size of its content library and become the industry leader.

"Netflix streaming has current content deals that provide it with access to movie content during the premium cable TV window, and Amazon has the financial resources to secure additional streaming rights, including Starz content," Pachter wrote. "Netflix's financial flexibility is quite limited, while Amazon's is virtually unlimited."

>Netflix Streams Movies No One Will Watch

The possibility of an acquisition led Pachter to upgrade Netflix to outperform from underperform.

Amazon has beefed up its streaming video offerings for its Prime members, but has made no mention of offering a subscription service beyond this.

-- Written by Jeanine Poggi

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