Sony Rejects Marvel
Currently worth over $18 billion, the Marvel franchise was bought by Disney for $4.24 billion in 2009. This means Disney has helped Marvel grow significantly since then but there was another possible buyer before Disney and made the mistake of rejecting the Marvel franchise – Sony. It even turned down buying Marvel twice. All of the Marvel rights would have only cost Sony $25 million, but the company chose to purchase only the rights to Spider-Man for $10 million, together with five percent of the revenue of Marvel movies and 50 percent of the products revenue. This Marvel connection is definitely a good chunk of change for Sony but it’s worth way less than what it could have been.
Sony Rejects Marvel
Blockbuster Turns Down Buying Netflix
In the late ‘90s, the movie rental company Blockbuster LLC was offered the chance to buy Netflix for $50 million, but Blockbuster’s CEO rejected the offer. Now, Blockbuster is nearly defunct except for the branch in Bend, Oregon while Netflix continues to grow and is worth $125 billion, with its stock price a $539.44 per share. In 2010, Blockbuster went bankrupt and there are rumors that it was killed by Netflix. That isn’t entirely true, though. Blockbuster started losing money in 1996 and it went on until its closure. As for Netflix, it was founded in 1997.
Blockbuster Turns Down Buying Netflix
