Netflix's Decade of Streaming

The transcript discusses Netflix's transition from a DVD rental service to a streaming giant, highlighting the initial skepticism and eventual success of its streaming service. It covers Netflix's strategic move into original content production, starting with 'House of Cards', and the financial challenges faced due to high content production costs. Despite cash flow issues, Netflix's subscriber base grew significantly, and streaming became its primary revenue source.

What was Netflix's programming budget for 2014 compared to the budget planned for the current year mentioned in the text?

What percentage of its revenue does Netflix make from streaming video?