Figuring Out • 1y
Netflix and Blockbuster At start blockbuster use to sell dvds of movies. Though blockbuster use to charge huge late return fees (late fees contributed to 10% of revenue). So Netflix removed the late payment fees and introduced CDs. Thus people started to shift to netflix. Note: the above victory was not easy and Netflix had to come up with new plans and stretegies daily to defeat a giant.
Passionate about Pos... • 4m
Netflix didn’t just beat Blockbuster—they exploited its biggest weakness. In 2000, Blockbuster made $800M from late fees. Customers hated them. Netflix saw an opportunity. Instead of charging per rental, they launched a $19.99/month unlimited plan.
See MoreEntrepreneur | Build... • 2m
The Missed Billion-Dollar Mistake No One Talks About 🔥 In 2000, Netflix offered to sell itself to Blockbuster for $50 million. Blockbuster laughed them out of the room. Fast forward — Netflix becomes a $200+ billion behemoth. Blockbuster? A dusty
See MoreDownload the medial app to read full posts, comements and news.