Yesterday, Netflix took out $400 million in new debt to begin
expanding in Europe and investing in more original series. Both
of these factors are crucial for Netflix's continued evolution.
Content costs can be so high they derail otherwise reasonable
web TV projects. Intel abandoned its experiment OnCue after
failing to make headway in content acquisition, and ended up
selling the unit to Verizon for $200 million.  Apple has been
rumored to have a TV in the works for a while now. But there are
rumors it is now delayed to 2015 because content deals take so
long.  A recent New York Times profile of "House Of Cards" show-
runner Beau Willimon shows how Netflix believes it has unlocked
this puzzle. The story explains that Netflix had two big flaws
in its early business model. Content was expensive, and the best
syndicated TV shows kept getting snapped up by cable channels:
Around three years ago, Netflix realized it had a problem: It
was paying large sums to license other people’s content — TV
shows and movies