Grabs Popcorn

“Of course there’s the massive cash burn. Just ignore that for a second. The rest of the story is doing something that’s quite unique … Netflix is essentially in its own league.” LA Times: Netflix is selling $1.9 billion of junk bonds to fund more shows. Netlfix is massive. And massively leveraged. And much of Hollywood is being fueled by that dough. Stay tuned.

+ I dig Netflix. But I wonder why they are so determined to overpay for and amass way more original content than they seem to need? It’s not just the shows. Netflix is now the biggest producer of original films in America.