Are Netflix Shares a Little Too Expensive?

The transcript discusses Netflix's stock volatility, driven by its entertainment value and unpredictable subscriber responses. It covers Netflix's strategy to license content in China, which could be significant if successful. The rising costs of original content are debated, with concerns about sustainability. Speculations about Netflix being an acquisition target are addressed, with Reed Hastings focusing on the potential of internet TV migration.

What is the significance of Netflix's licensing content to streaming providers in China?

How does the speaker perceive Netflix's position in the market compared to traditional media companies?