From my limited understanding of the industry AMC doesn't actually make the content, they just buy it. Having finished Orange is the New Black I think Netflix

From my limited understanding of the industry AMC doesn't actually make the content, they just buy it. Having finished Orange is the New Black I think Netflix has the right people to make decent decisions as to what to buy. It would seem to me to make more sense to invest directly in the content rather than buying a purchasing team.