Netflix Spends $2B Per Year On Content, Primarily On Licensing Movies And TV Shows

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http://techcrunch.com – Following up on their strong quarterly earnings report earlier this week, Netflix has just released a big ol’ mission statement document to their investor relations site, and it’s jam packed with all sorts of great lil’ details. For example: you know how every Netflix customer’s first complaint is that there’s just not enough great streaming content on the service? They know — and they’re spending $2B a year to fix it. The document is a rather painful 11 pages long, but here’s some of the more interesting stuff we’ve gleaned out of it so far: O (IT news)