satellites the world.netflix of we have -- we had no syndication value in the 10-year-old beavis * & buttheadbut now there is a market and we are making money which allows us to invest in more original content which first aired on the distributor's sitting here. they get the first crack at airshows when we spend the money to make them. >> showtime has come up with platinum quality programming. they put their full shows on netflix as soon as netflix -- they pulled their fall shows off netflix as soon as netflix announced they were doing original programming. >> the way we think about it is it is subscription video on demand at netflix. that is the category that i think we're talking about. what is the value of that to the consumer? we all know that there are several subscription video on demand networks. one of them as brief them is called hbo. it is subscription. it is on demand. it has been on television with multiplex for 10 years and vod for 10 years and now it is on all your internet devices. for nothing if you are a subscriber. that is the biggest and most prolific in terms of programmin

we have no syndication value in the 10-year-old "beavis and butthead's." this allows us to invest in more original content, which first airs on the distributor's sitting here. they get the first crack at our shows. from showtime, who have come up with great programming. they pulled their stuff off of netflix -- netflix as soon as they heard that they were going in to original programming. what do you think? >> the way we think about it is you have to think of it as subscription video on demand. what i think we are talking about is what is the value for consumers? there are several subscription on demand companies. it has been on your television for 10 years, and now it is all of your internet devices for nothing if you are a subscriber. so that is the biggest and most credit subscription vod, showtime comedy amazon and some others, and there can be a world for those subscription structures. in the case of netflix, they are streaming products to internet only. they offer some easy to find and access programming create some of that is older programming. it i

we have syndication value in the we-year beavisd * butthead have and there is a demand for that.e're making incremental money which allows us to invest in more original money -- original programming which airs on the distributor's sitting here. they get the first crack at our shows. we spend all the money to make these things >> >> the guy at show time has come up with platinum quality programming. they sell their shows on netflix as soon as netflix announced they're going -- they pulled their shows off netflix as soon as netflix announced they were doing original shows. what do you think about that? >> i hesitate to say that much. the way we think about it is it is subscription video on demand which is the category that i think we are talking about. what is the value of that for consumers? we all know there are several subscription videos on demand networks. one of them's pretty famous called hbo. it is subscription. it is on demand. it has been on television with multiplex for 10 years vod for 10 years and now is on all your internet devices. for nothing if you are a subscriber

we have had value in the "beevis and butthead." >> you are making money off of it. >> which allows us to invest in more original content which first airs on the distributors sitting here. they get the first crack at our shows when we use the money. >> a very smart guy who has come up on showtime with quality programming and they pulled their full shows off of netflix as soon as they announced they were going into original programming. what does that tell you? >> i hesitate to say that much about it. the way we think about it is you asked about netflix, it is subscription video on demand which is a category that we are talking about, what's the value of that for consumers. and we all know that there -- there are several subscription video on demand networks. one of them is pretty famous called hbo. it's subscription, it's on demand and been on your television for 10 years. now it's on all your internet devices for nothing if you are a subscriber. so that's the biggest and the most prolific in terms of programming rights, original programming, movies, et cetera, subscription services ou