Netflix looking to acquire more original programming

At first what sounds good ends up possibly being  a bad factor for hollywood. Netflix states because they're past deals have gone bad, as in the shows they acquired rights to flopped, they've decided to become a lot more picky in what they choose to buy. What does this mean? This means TV producers might start taking losses. It's most apparent for companies like CBS and Viacom because they've been the production teams selling most of their shows to Netflix. Netflix stated they wont be renewing any past deals with the two companies which could be a major hit to their yearly revenue. Read more at; http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-netflix-revenue-hemlock-grove-house-cards-viacom-media-earnings-nomura--20130423,0,2075697.story