Doesn't classic academic theory say that capital stucture is irrelevant in the long run?

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The difference is in the background stucture, the differences in that structure between the two countries.

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This business stucture makes sense for Battlestar, Saturday Night Live, and 30 Rock, all shows that do well in syndication, but what is the point of offering a show like Party Down, a half-hour comedy program produced by the Starz cable network, to viewers via a web stream through Netflix the same week that a new episode airs on TV?

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