Perhaps cable/satellite dominance has tipped
Consider the following:
Already the world’s largest subscription-video service, [Netflix] probably reached 30 million paying U.S. customers as of Sept. 30, according to Needham & Co. HBO, Time Warner Inc. (TWX)’s premium cable-TV network, has about 28.7 million, according to researcher SNL Kagan.
Yes, I know that Netflix is trying to reach deals with cable/satellite companies.
But why? Why not keep all the revenue to itself?