While Netflix CEO Reed Hastings has suggested the corporate would avoid moving into the content business, Deadline Hollywood reports it outbid cable channels like HBO and AMC for a brand new David Fincher drama starring Kevin Spacey called House of Cards. The post goes directly to suggest that the deal continues to be being negotiated but Netflix will likely be at the hook for 2 season that may cost it greater than $100 million. Immediately Netflix is flush with the money of its 20 million strong subscriber base, but up to now it has all for enhancing it’s $8 / month streaming package by spending on quantity, not necessarily quality new content even after deals with Relativity Media and Epix . A deal like this changes things completely and puts it directly in competition with the pay-TV biz, but we’ll wait and learn how much of the rumor is correct before putting up a deathwatch for HBO, Showtime and remainder.
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