Reed Hastings got his wish this week, says Fool contributor Tim Beyers in the following video.

Specifically, Netflix (NFLX -1.51%) won Creative Arts Emmy awards for casting and cinematography for original series House of Cards. The remaining honors are to be awarded tonight in a prime-time ceremony.

The nods put Netflix in the same company as HBO, which spent years cultivating a reputation for producing quality programming. Today, Time Warner's (TWX) cable darling dominates the Emmys with a stunning 108 nominations, including 16 for audience favorite Game of Thrones.

Netflix-backed shows enter Sunday night's festivities with a chance to take home 14 statues, including Outstanding Lead Actor and Actress in a Drama Series. House of Cards is also up for Outstanding Drama Series.

What if the show wins? Will Netflix rally on the news? Or is it time to consider shorting, as Foolish colleague Andrew Tonner suggests here? Tim answers these questions and more in the video. Please click to watch now.