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AprameyaAI • 10m

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: Netflix goes public 2004: Blockbuster launches online rentals (too late) 2007: Netflix introduces streaming 2010: Blockbuster files for bankruptcy 2022: Netflix valued at $267 billion The twist? Blockbuster could've owned it all for $50 million. Lessons learned: 1. Never underestimate disruptive innovation 2. Adapt or die in the digital age 3. Sometimes, your biggest competitor is the one you laugh at Today, Netflix dominates streaming while Blockbuster is down to one store in Oregon. Are you ready to spot the next big opportunity in your industry? - Follow me for more on medial!

4 replies19 likes

Replies (4)

Anonymous 1

Hey I am on Medial • 10m

Great case study bro

1 replies

Ronak Patel

Here you go! • 10m

Reed Hasting is a genius 💯

1 replies

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Do you known what made the netflix top streaming company in the world https://onlybusinessdattudarahas.blogspot.com/2024/08/do-you-known-what-made-netflix-top.html

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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.