Netflix Is Bluffing And It Will Be Their Downfall

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http://techcrunch.com – Editor’s note: Armando Kirwin is a filmmaker and consultant whose previous work has included Paramount Pictures, Microsoft, several startups, 13 feature films, and a handful of TV shows. Follow him on Twitter. In case you haven’t noticed, wannabe Hollywood analysts, er sorry, I mean tech bloggers the world over, are breathlessly opining and propagating news about Netflix CEO Reed Hastings estimate that Amazon is spending up to $1 billion annually on content for Amazon Prime. Meanwhile, outside of the Silicon Valley Distortion Field, a.k.a. back in Hollywood, everyone who hear (IT news)