1, because it's expensive (take a look at MGM situation over the past decade) 2, having access to 1 studio, especially a no-name studio is extremely non-valuab

1, because it's expensive (take a look at MGM situation over the past decade) 2, having access to 1 studio, especially a no-name studio is extremely non-valuable to Netflix. When is the last time you saw a movie because it was released by Sony Pictures, or Lionsgate, vs. seeing it because the content itself was interesting to you? I'd hazard you've never done any such thing, because effectively zero people consume content based upon who owner is vs. what the content is/who the creator is. Netflix needs at least 2 of the major studios providing them content, preferably 3 or 4 of the 5 majors, in order to provide access to a wide range of material.