Inside Redbox is the #1 "Unofficial" Redbox Online Community for Redbox Codes, News and more. Inside Redbox is not affiliated with Redbox Automated Retail, LLC.

Netflix has been battered and bruised in recent years, but it’s not on the auction block. So says longtime CEO Reed Hastings, who in an interview with The Wall Street Journal flatly stated that Netflix is not for sale.

Investor Carl Icahn recently acquired 10 percent of Netflix, and the company’s board immediately adopted a “poison pill” shareholder rights plan to make it extremely expensive for Icahn to acquire a larger stake in the company.

Hastings expects Icahn to wage a proxy battle to gain control of Netflix’s board, a battle which Hastings predicts the billionaire investor will lose. Said Hastings:

“We think we can make it in the long term absolutely on our own – we’ve been doing that for 10 years,”

While it’s easy to admire Hasting’s resoluteness, here’s the bigger question that needs to be asked: would it be better for Netflix (and its customers) if the company were sold?

[via Home Media Magazine]

5 Responses to “Netflix CEO: We’re Not Interested in Selling”

  1. Member [Join Now]
    Danofive0 [danofive0]

    No. Leave it like it is. It is doing great! And they will make it in the long run..
    Don’t mess it up!

  2. Visitor [Join Now]
    new movies trailers 2011,new chinese movies,new hindi movies,free new movies,new movies of 2011,watch newmovies online,new movies in 2011,free online new movies,free new movies online without downloading,tamil newmovies online,movie releases 2010,new movi [visitor]

    Thank you for the sensible critique. Me and my neighbor were just preparing to do a little research on this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such excellent info being shared freely out there.

  3. Visitor [Join Now]
    donby [visitor]

    While they do have some issues with streaming it is still, at this time, the best value on the market.

  4. Member [Join Now]
    crkrjak2001

    If something isn’t broke, don’t fix it! :-)

  5. Visitor [Join Now]