What would have happened had the studios held on to the Netflix stock they once owned?
The Wrap, a blog that covers Hollywood, reminded us in a story today that in the 1990s Warner Bros. was looking for leverage in negotiations with video rental chain Blockbuster. The studio took small ownership stakes in Netflix prior to the company's initial public offering in 2002.
The other major studios followed but all of them unloaded their shares a year after the IPO.
They weren't the only ones who were wrong about Netflix. Jim Cramer, the high-volume host of the cable … Read more