In 2001, Netflix begged Blockbuster to buy them for $50 million.
But Blockbuster laughed at them.
Today, Netflix is worth over $350 billionāand no one remembers Blockbuster.
Hereās how that rejection ignited one of the greatest business comebacks
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Anonymous 6
Hey I am on MedialĀ ā¢Ā 1m
That $50 million Netflix offer now looks like a joke now
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
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AprameyaAIĀ ā¢Ā 7m
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:
Netflixš°
ltās 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
āNetflix is a Jokeā
WEIRD Marketing Strategy #15
Out of nowhere mysterious āNetflix is a jokeā billboards popped up in busy neighborhoods in Los Angeles and New York.
People started talking about these mysterious black and white billboards.
Some as
A baker in Thailand makes bread that looks like realistic bodyparts
10 replies5 likes
Vishu Bheda
Ā ā¢Ā
MedialĀ ā¢Ā 1m
In 2001, Netflix begged Blockbuster to buy them for $50 million.
But Blockbuster laughed at them.
Today, Netflix is worth over $350 billionāand no one remembers Blockbuster.
Hereās how that rejection ignited one of the greatest business comebacks
Netflix CEO Ted Sarandos donated $7 million to Kamala Harris's presidential campaign.
š On X, users quickly began canceling their Netflix subscriptions, leaving behind a signature: "Trump 2024." āØ
š that's why entrepreneur should never support an