> I'd rather see more content there than create their own new line of content.

Their content strategy (and Amazon's) seems to be evolving toward developing their own content library, much like HBO. In theory, it frees Netflix of over-dependence on networks and studios. In practice, we get crappy shows and standup specials.

I disagree wholeheartedly. Sure, there will be low quality shows. This expected by the sheer amount of content they are currently producing. But there are equal amounts of good to very good shows also getting released at a pace that a normal working person just can’t keep up with.

My watch-list just keeps growing. I don’t know if I’ll ever be able to catch up.

Licensing content it’s their biggest cost so yes, that’s their (probably correct) strategy. But instead of ‘crappy’ I believe the right terms is ‘long tail’. Make something for everyone since relative producing costs are minimal vs buying that content and distribution costs are almost zero for low-viewing content.

I think it’s probably to win over the last bit of TV people who claim “but where I’ll get my news if I cut the cable?”

I think the last TV people are the ones who claim, "Cable is my only option for internet, and the way it is bundled, I might as well get cable TV too."