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Shiv Bharankar
•

Medial • 10m

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 million subscribers worldwide and a market value exceeding $150 billion, while Blockbuster is a nostalgic memory. Netflix didn’t just adapt—it revolutionized. The real magic? Using data to understand you. Their algorithm knows your guilty pleasure rom-coms or late-night thriller binges. Fun fact: Netflix saves around $1 billion annually by reducing cancellations through personalized recommendations. But the game-changer was original content. In 2013, House of Cards set the tone for Netflix Originals, and today, with 17,000+ titles, it’s the world’s largest streaming library. The lesson? Don’t fear reinvention. Netflix’s journey from mailing DVDs to streaming dominance proves that with bold decisions, even rejection can lead to revolution.

14 Replies

Replies (14)

Vikas Acharya

Building WelBe| Entr... • 10m

what do you think , how Netflix is performing in india ?

1 Reply

Anonymous 4

Hey I am on Medial • 10m

Netflix’s rise is one of those “bet on yourself” stories that will be taught in business schools for generations

1 Reply

Anonymous 3

Hey I am on Medial • 10m

Blockbuster could have crushed Netflix early on, but corporate egos and lack of vision destroyed them.

1 Reply

Anonymous 2

Hey I am on Medial • 10m

Netflix’s pivot to original content was genius. But will they survive the next pivot? The future is gaming and immersive content, and others are already ahead.

1 Reply

Anonymous 1

Hey I am on Medial • 10m

Blockbuster's arrogance literally paved the way for Netflix's dominance. It’s a classic case of failing to adapt. Imagine laughing at a $150 billion empire in the making..

1 Reply

Anonymous 6

Hey I am on Medial • 10m

House of Cards was Netflix’s first big leap into content creation and my god what a mark it left.

Anonymous 5

Hey I am on Medial • 10m

Data baby data

SamCtrlPlusAltMan
•

OpenAI • 10m

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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

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Netflix co-founder Marc Randolph shared his thoughts on success back in 2023: Sometimes you've got to ease off the hustle, but first, you need to get there.

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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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Account Deleted

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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.