John Malone was regarded as one the smartest media investors. CNBC reported that he understood the significance of video streaming in an evolving TV ecosystem.

A Thursday interview aired by Liberty Media’s billionaire Liberty Media. He recalled unsuccessful attempts to buy DirecTV. NetflixHe was the chairman of satellite-television from 2008 to 2010

“I attempted to purchase Netflix from [co-founder] Reed HastingsHe wouldn’t let me sell the stock when it was only eight dollars. In the days leading up to Liberty Media’s Investor Day Thursday, Malone stated that he was not happy with his luck. It was both held physically in New York City as well as virtually.

Netflix’s stock price of $8 per share has risen a lot since then. Netflix is on track to become the world’s most popular video streaming service. Wall Street loves it. Netflix shares touched an 8660% record on Wednesday with a $700.99 all-time high.

Malone admitted the benefits Netflix has brought to itself, noting comments he made back to CNBC in 2017, in which he referred to the unsuccessful attempt to acquire Netflix. Malone stated that he had tried to acquire Netflix for DirecTV. Reed made it clear that his goal was to grow a global corporation. It was a right thing.

Fast forward to 2021, Malone said, “The market is obviously putting huge market valuations on Netflix — and frankly, Netflix relative to Disney.” Netflix started streaming in 2007. 214 million global streaming paid subscribersAt the close of its most recent quarter. Disney+ was launched in India two years ago. It had 118.1 millions subscribers.

Faber was told by Malone that Malone said, “John, why don’t you invest more in?” GoogleOr FacebookOr Amazon? Why would you choose to remain with the old businesses that you owned? That’s what I pleaded guilty to.”

A veteran media mogul, the veteran media tycoon, marveled at all that Big Tech and its leaders had accomplished. He stated, “[Amazon’s] Jeff BezosHe is an artist who has mastered the art of creating. Steve JobsAnd Tim Cook [with Apple]”have been exceptional,” Hastings, Netflix CEO. Malone stated that these are “brilliant businessmen who have seized an opening, seen global power and have capitalized on it.”

CNBC did not reach Netflix immediately for comment regarding Malone’s remarks.