The "prior history of this company" covers a whole lot of ground, but I thought we were discussing the end of the opportunity to succeed in the movie rental/streaming business.
To recap: We had signed deals for content with Lionsgate and Sony by promising a few million over time (plus some substantial cash and with some difficult conditions and pricing) but then Netflix waltzed in with guarantees of hundreds of millions of dollars that nobody doubted they could deliver, since they were mailing over a million DVDs out every day at the time. Then came Hulu, a joint venture of ABC, NBC, Disney, Fox, and Comcast. Comcast bought a controlling interest in GridNetworks and closed it down, driving our biggest cost, bandwidth, up by an order of magnitude. Sony formed their own streaming service, Crackle. All of this happened in 2007. So far as I know, Netflix is the only one of those with positive financial results to this day.
I know that you investors are geniuses and former management was a bunch of retards, but that market environment made it very difficult to conceive of a formula for success in the domestic video streaming business. I know that you could have done it Park, but Reeltime found it impossible, We had an opportunity to do P2P in India for "The Yahoo of India," but a shareholders revolt destroyed that opportunity for us, since Barry was sent packing and Felgenhauer & Green could not even muster a pretend website that worked.
Given the givens, it is a miracle that we even have a company anymore at all. Can't we now give those events of a decade ago a rest, and celebrate James Hodge and his success at launching LoudMouth News and partnering with TalkLeft productions?
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