So, assuming Netflix goes belly up at some point, I am MUCH happier they spent $20B making shed-loads of new content (i.e. paying out to creative and production

So, assuming Netflix goes belly up at some point, I am MUCH happier they spent $20B making shed-loads of new content (i.e. paying out to creative and production people) that will live on than e.g. putting it in a pile and burning it like the Facebook / Whatsapp $16B "valuation". That value just disappears IMHO.