You think? I do wonder about the economics though. $300M vs what? People with content aren't married to a distribution partner, and they certainly aren't married to one who can't deliver eyeballs. So come the next NAB show in Vegas it will be an interesting discussion Netflix has with its potential partners.
The next HUGE disruption will be the first team to put together a streaming 24hr news channel. Think about it, something like Google+ for news, where you get notified when there is actually new information about a news story you are following, and you can go back and see that story. Or you open the 'portal' and it shows you the top 5 news stories being covered in each segment, then as you watch them they drop off to be replaced by stories lower in the list, only to re-appear if they have new data. I can't wait, but nobody has done a Ted Turner yet. Hard to kick off since it violates a lot of current practices in the news business, but it will come.
It is really a historic time, this realignment which allows 'pure' information businesses. As folks who know me are aware I find economics of information to be pretty cool.