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Netflix’s (NFLX) global scale and content ambitions are becoming “more frightening” to traditional programmers, says Pacific Crest Securities, in a review of Q1 earnings reported by media and entertainment companies. Netflix’s spending on programming has overtaken Viacom (VIA), and is second only to Time Warner (TWX), says Andy Hargreaves, an analyst at Pacific Crest, in a research report. He says Netflix’s international subscriber growth will Scalper1 News
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