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Netflix, which is based in Los Gatos, Calif., says its streaming subscribers  worldwide watched Discount Jeffrey Campbell Lita Leopard On sale more than 1 billion hours of Internet video in June. That  translates to a monthly average of about 38 hours per subscriber, up from 28  hours late last year. Netflix's commercial-free Internet video library now gets  watched more frequently than most TV networks, which depend on ads and cable  fees.Despite the popularity, Netflix hasn't proven that it will be able to make  as much money streaming video over the Internet as it has delivering rented DVDs  through the mail during the past decade.Internet video hasn't been as profitable  so far primarily because Netflix has had to spend heavily to secure the  licensing rights to show movies and TV shows online whenever subscribers want to  watch them. The popularity of streaming could prompt movie and TV studios to  demand even higher fees.As of March 31, Netflix had signed contracts that will  require the company to pay $3.6 billion in licensing rights during the next five  years, including $730 million by jeffreycampbellheels next April. Netflix ended March with about $800  million in cash.