Have you ever been to China and India? Do you think Netflix is like Mcdonalds?
Oh, and you think everyone in a household withh get their own sub? There are only 115 mil or so household, thats it and if you think netflix will take more than 20-25 you are sadly mistaken. Subs will move form one service to another and try different libraries of movies.
This will be a grocery like business, very thin margins.
A PE of 80 on aggressive accounting is spelling doom for longs.