Back

Inactive

AprameyaAI • 8m

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
8
Replies (4)

More like this

Recommendations from Medial

Image Description
Image Description

Shiv Bharankar

 • 

Medial • 2m

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 replies11 likes
2
Image Description
Image Description

Vishu Bheda

 • 

Medial • 2m

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 replies22 likes
10
Image Description
Image Description

Havish Gupta

Figuring Out • 8m

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 replies6 likes
Image Description
Image Description

Vikas Acharya

 • 

Medial • 4m

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 replies11 likes
Image Description

Only Business

Creative • 8m

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

1 replies3 likes
Image Description
Image Description

Mahendra Lochhab

Content creator • 3m

the Indian fast fashion industry is projected to reach $50 billion by financial year 2031.

4 replies7 likes
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 1m

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 replies21 likes
2

Mahendra Lochhab

Content creator • 12d

India's Software as a Service (SaaS) industry is experiencing rapid growth, projected to reach $50 billion by 2030.

0 replies1 like
Image Description

Mahendra Lochhab

Content creator • 8m

India's textile industry is the country's second largest employer after agriculture, and employs up to 10.5 crore people. It also supports livelihoods for 5.8 million cotton farmers and 40–50 million people involved in other activities.

3 replies12 likes
Image Description
Image Description

Mahendra Lochhab

Content creator • 6m

There were over 8 million weddings in India in 2023, with the Indian wedding industry worth Rs 10.5 lakh crore or $130 billion, being the second largest in the world.

5 replies5 likes
2

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