While Netflix offers mainly old TV shows and movies through its Web streaming service, it had been seen as a threat by some cable operators and cable networks worried the $7.99 a month service would lead to customers dropping the much more expensive cable TV package, a fear that has become known in the industry as "cord cutting."

We cut the cord a long time ago in respect to the horrendous pricing of cable companies for just basic cable channels above the locals and free "over-the-air" stations. $8 a month for movies, documentaries, and TV shows we can watch anywhere anytime is a hell of a lot better than being stuck in front of the TV.