Netflix’s Pursuit of TV Domination Includes Ownership

Bloomberg: For most of its rapid ascent of the TV business, Netflix has rented shows. Now it wants to own them. Like a major Hollywood studio or competitor HBO, the company will own many of the 20 or more original shows that debut on its streaming service next year, said CEO Reed Hastings. “We’ve continued to expand our creative role on the shows. Now we’re taking on ownership and production.”