Menu
Personal finance
Burger King slims down for success
The Penguin-Random House merger: 3 takeaways
Dunkin' weathers storm to attract crowds
Inside Wall Street: Bank weathers its own storm
How Sandy will affect shipping business
The whopping US rally that wasn't
Disney acquires Lucasfilm for $4B
Late-inning earnings plays
Gilead's 'son of Viread' passes first test
Auto sales expected to stay strong into 2013
Why Yamana shares are soaring
Archer Daniels Midland is boring and cheap
Stericycle finds treasure in trash
Don't follow Icahn into Netflix
How to trade the US presidential election
David Einhorn is shorting iron ore
What's next for Exxon after Rosneft buy?
Who's right, Main Street or Wall Street?
Hershey shareholders sue for child labor records
China's growth picks up
Europe offsets Johnson Controls' Asia gains
CSX took too heavy a beating
In retail, pessimism doesn't pay
Illumina should reconsider Roche's offer
Don't follow Icahn into Netflix
When Carl Icahn scored a seat on the board of Blockbuster in 2005 after a nasty proxy fight, he called it "a satisfying victory," as I reported on Bloomberg at the time. Six years later, he changed his tune, saying his investment in the video rental chain was the worst of his career, as Forbes noted. Icahn now is taking another stab at the video businesses through a $168.9 million bet on Netlfix (NFLX +5.49%), and it appears that he hasn't learned his lesson from his earlier misstep.

Like Blockbuster, Netflix needs to change its business model in order to survive. It currently has more than 27 million streaming members in the U.S., Canada, the U.K., Ireland and Latin America, by far the most of any company. That market dominance, however, won't last because new entrants seem to be entering the video streaming business by the day.



Amazon.com (AMZN +0.49%), expects its Amazon Prime service to reach as many as 10 million customers by October 2013, up from 3 million to 5 million in 2011, according to Bloomberg News. Hulu, which is backed by major media companies, has 2 million customers for its Hulu Plus paid service and continues to add original content. Even Wal-Mart (WMT -2.74%) has gotten the video streaming bug. Its Vudu service is now advertising $2 rentals for 2 nights.

As he did with Blockbuster, Icahn is pressing for Netllix to merge with a larger rival. That hasn't happened yet for many reasons. Maybe the company's loquacious CEO, Reed Hastings, can't imagine having a boss, or perhaps his asking price is too high. It remains to be seen whether any company is large enough to accommodate the egos of both Hastings and Icahn.

The Blockbuster story didn't have a happy ending. The chain filed for bankruptcy in 2010. Charles Ergen's Dish Network (DISH +1.80%) bought it in April 2011 in the hopes of transforming it into a "Netflix killer." Ergen figured that he could use the chain's stores to sell mobile devices that would enable customers to stream Blockbuster movies. He has scrapped the idea.

"The plans broke down when U.S. regulators didn't immediately approve a waiver allowing Dish to use its satellite spectrum for terrestrial data and voice transmission," according to Bloomberg News.


Investors need to remember that Icahn does what's in his best interest. Other shareholders who come along for the ride sometimes reap the benefits of his activism, but in the case of Netflix, that seems unlikely.

Для печати
Microsoft will 'die and disappear' in next few years
Whole Foods' freshness starting to wilt
In a war of attrition, Microsoft will beat Apple again
Asbury Automotive sees strong earnings momentum
Student debtors get the runaround
What to keep in your money survival kit
First-date coupon use is on the rise
Groupon offers NYC dinner in the dark
The worst credit cards of 2012
Post-Sandy, banks waive fees
Homeowners spared costly hurricane deductible
7 ways to commit financial suicide
Why are car loans so easy to get?
Best credit cards after bankruptcy
Get more cash for your old clothes
5 fee-free ways to help Sandy victims
After a flood, frugality can be dangerous
After the storm: Rebuild or move?
My unexpected $2,400 vet bill
Best credit cards for holiday shopping
Downside of a higher retirement age
Prepaid cards are not gift cards
Is the economy destroying love?
Financial lesson from a football game
Book Christmas flights before Black Friday
6 ways to earn extra holiday cash
Holiday shopping? Avoid this retail trick
Many holding out for Cyber Monday
SiriusXM drives straight race to $3 a share
Sandy: Beware the bubble in storm stocks
Starbucks: Buy it, own it, love it
4 Canadian value stocks
What's the White House worth?
Stocks are immune to Washington
EMC strengthens RSA business with acquisition
Russia garners another favorable valuation call
Goldman Sachs slashes partnership ranks
Inside Wall Street: Cheers from Bud and Diageo
4 favorites for a housing rebound
Is Baidu's China reign over?
In 2013, Apple, Facebook will fly, Intel will die
Is AOL's turnaround for real?
Stock buyback blitz continues
Anheuser-Busch pushes higher-alcohol beers
Baidu: Searching for growth in China
Twitter vs. Facebook: The war heats up
Would Disney buy Hasbro?
Vending-machine pizza prepares for US debut
Amazon lockers coming to Staples
Are customers becoming less loyal to Apple?
Focus on earnings, not fiscal cliff
Evergreen stocks: 4 favorite dividend ideas
Visit Statistics
http://google.com/

http://bing.com/

https://gepatit-info.top/

https://serdechnic.com/

https://buy-meds24.com/

https://dverirespekt.ru/

https://www.sribno.net/

https://undergroundcityphoto.com/

https://detskiezabolevaniya.com/

http://grafaman.ru/

http://innoslicon.com/html/product/index.htm

https://yginekologa.com/

https://yes-com.com/

https://www.baikaleminer.com/

https://bitmaein.com/shop

https://www.artdeko.info/

https://aerodizain.com/

http://xn--d1abj0abs9d.in.ua/

http://lider82.ru/

http://sta-grand.ru/

http://snabs.kz/

https://sky-mine.ru/

https://rybalka-opt.ru/

http://snegozaderzhatel.ru/

https://xn--e1aaajzchnkg.ru.com/

http://hit-kino.ru/

http://www.regionshop.biz/

https://xn--80aaafbn2bc2ahdfrfkln6l.xn--p1ai/

https://pp-budpostach.com.ua/

https://vykup-avto-krasnodar.ru/

https://gcup.ru/

https://mega-polis.biz.ua/

http://vanrise.com.ua/

http://infra-e.ru/