This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Netflix CEO Won't Buy What Icahn Is Selling

When it comes to digesting entertainment in the digital age, it's abundantly clear that the Internet is the delivery medium of the future. In delaying progress towards that future to protect their financial interests, media conglomerates and telecommunications giants are doing their jobs (and I sympathize with them for that), but they're also delaying the inevitable.

Netflix, meanwhile, is doing its part to speed things along, and consumers know that instinctually. That's why they still subscribe to Netflix even after the media industry yanked all the good content from its streaming service, having realized they were tempting too many people to drop pay-TV altogether and use Netflix to move to an online-video-only home entertainment set-up.

An acquisition of Netflix by a tech company like Google (GOOG), Apple (AAPL), Amazon (AMZN) or Microsoft (MSFT) could give it much-needed financial heft to push its agenda. Perhaps Hastings could stomach that outcome and cash in his chips, but a sale to a media company or a telecommunications or cable company would be surrender.

For Icahn and many Netflix shareholders, though, only the price tag matters, and that's why this could get real interesting real fast.

At the time of publication the author had positions in GOOG, AAPL and MSFT.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NFLX $558.40 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs