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NETFLIX CEO REED HASTINGS REITERATED that his company does not want to deliver current-season TV shows or newer movies to its more than 23 million subscribers, saying such a move would spark "World War III" with incumbent pay TV providers.
"We've consistently said getting into current-season [TV] or newer movies would not be profitable for us. It would be an Armageddon. It would be World War III, and we likely wouldn't survive that battle," Hastings, as quoted by website CNNMoney, said. He spoke May 3 at the Wired Business Conference in New York.
The Netflix "niche" philosophy is to stay "not too big, not too small," Hastings said, …