I agree, but my main worry is that Netflix isn't currently a premium product. It's a value product. They get subscribers based on the huge amount of content. T

I agree, but my main worry is that Netflix isn't currently a premium product. It's a value product. They get subscribers based on the huge amount of content. They'll have to transition into HBO. But that isn't easy. You are right HBO transitioned from third party content to original, but HBO always hit the same market segment. HBO was always a premium entertainment service. Netflix has already suffered customer revolts on relatively minor price increases. Will the Netflix subscriber base pay for a netflix that mostly does original content? I'm not so sure that they will.