Back

Havish Gupta

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.

Reply

More like this

Recommendations from Medial

mg

News & updates • 1m

Netflix's $50 Billion Pivot That Blockbuster didn’t see coming In 2000, Netflix offered to sell itself to Blockbuster for $50 million. Blockbuster laughed them out of the room. At the time, Netflix was just mailing DVDs. Streaming wasn’t even a thi

See More
Reply
14
Image Description
Image Description

Chamarti Sreekar

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 More
2 Replies
4
22
Image Description
Image Description

Inactive

AprameyaAI • 11m

How Netflix started ? The $2 Billion Mistake: Blockbuster's Netflix Blunder How does a single decision reshape an entire industry? In 2000, Netflix offered to sell to Blockbuster for $50 million. Blockbuster laughed it off. Fast forward: 2002:

See More
4 Replies
8
19
Image Description
Image Description

Havish Gupta

Figuring Out • 11m

How Blockbuster's One Offer Almost Killed Netflix! So Blockbuster was founded in 1985 as a movie DVD rental company. They had huge stores, stocks of all movies, and movie reviews from their employees. It was good place to shop at but the pain point

See More
4 Replies
6
Image Description
Image Description

Shiv Bharankar

 • 

Medial • 5m

Netflix📰 lt’s 2000, and Netflix co-founders Reed Hastings and Marc Randolph offer to sell their fledgling DVD rental business to Blockbuster for $50 million. Blockbuster laughs them out of the room. Fast forward to 2025, Netflix boasts over 238 mil

See More
14 Replies
2
11
Image Description
Image Description

Vishu Bheda

 • 

Medial • 5m

In 2001, Netflix begged Blockbuster to buy them for $50 million. But Blockbuster laughed at them. Today, Netflix is worth over $350 billion—and no one remembers Blockbuster. Here’s how that rejection ignited one of the greatest business comebacks

See More
13 Replies
10
22
Image Description
Image Description

Vikas Acharya

 • 

Medial • 7m

NETFLIX : FROM DVDS TO STREAMING EMPIRE !! Founded in 1997 by Reed Hastings and Marc Randolph, Netflix began as a DVD rental service. When Hastings envisioned streaming content online, the company transitioned in 2007, betting on the future of on

See More
5 Replies
11
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 7m

Neeraj Goyat claims a global victory, showcasing his talent to the world in a live Netflix broadcast. Zomato, once again, plays its marketing cards perfectly by sponsoring him.

3 Replies
19
Image Description
Image Description

Nawal

Entrepreneur | 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 More
5 Replies
26
1
Image Description

Havish Gupta

Figuring Out • 1y

Vote for the next series! 1) Analysis of top Y combinater funded startups (even international) 2) How X company beated their competition. For eg: Netflix and Blockbuster 3) Top bootstrapped Startups. Like Zoho, Zerodha 4) Best buisness stretegy

See More
4 Replies
1
7

Download the medial app to read full posts, comements and news.