Two Billionaires Brawl on Television and Netflix’s Drastic Change

Adriana Diaz

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Fistfights on talk shows are nothing new, except when they involve two Russian billionaires. Media mogul Alexander Lebedev and property developer Sergei Polonsky were on a televised panel debating Russia's financial crisis, when Lebedev suddenly stood up and socked Polonsky. After the fight was broken up, the two men continued to trade jabs on the Web. Polonsky posted photos of his ripped jeans. Lebedev blogged that Polonsky--who once famously said, "Those who don't have a billion can go to hell"--had been "very rude." Lebedev added, "In a critical situation there is no choice. I neutralized him." People on Twitter are loving that line. @mjrobbins tweeted that it's the quote of the day, and @delicasession said it makes for a great catch phrase. Is it just us, or does this whole incident remind you of the "I must break you" line from "Rocky IV"?

Netflix CEO Reed Hastings has taken to YouTube and Netflix's official blog to say he "messed up" and owes everyone an explanation. After raising its streaming service price by 60 percent, the movie rental site lost 1 million subscribers and its stock price was slashed in half. In the blog Hastings wrote, "It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation of DVD and streaming, and the price changes. That was certainly not our intent, and I offer my sincere apology." He added that he realizes streaming video and renting DVDs require two very different business models, which is why they have to make a change. He wrote, "It's hard for me to write this after over 10 years of mailing DVDs with pride, but we think it is necessary and best: In a few weeks, we will rename our DVD by mail service to 'Qwikster.'" The DVD service will also have a new logo, website, and its own CEO. Hastings says the name Qwikster reflects their fast DVD delivery, but social media have been slow to accept the new name. @jyarbrough tweeted that it sounds like a bad energy drink. @dcurtis didn't hold back and said, " is a bad name. It's hard to spell, it's hard to read, it's ugly, and it's ironic. Maybe they did that on purpose." Ouch. What do you think of Qwikster? Tell me on and Twitter @AdrianaTweeting.