Netflix๐ฐ
ltโs 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
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Anonymous 3
Hey I am on Medialย โขย 3m
Blockbuster could have crushed Netflix early on, but corporate egos and lack of vision destroyed them.
In 2001, Netflix begged Blockbuster to buy them for $50 million.
But Blockbuster laughed at them.
Today, Netflix is worth over $350 billionโand no one remembers Blockbuster.
Hereโs how that rejection ignited one of the greatest business comebacks
Netflix didnโt just beat Blockbusterโthey 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.
Netflix๐ฐ
ltโs 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
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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4 replies6 likes
Havish Gupta
Figuring Outย โขย 11m
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
"Netflix lost almost a Million Subscribers"
Bankruptcy to Billions #7
Netflix turnaround from significant crisis
In 2011 Netflix announced a change in its pricing and subscription plans. Initially customers could subscribe both DVD rentals and str
As a freelancer i have developed 6+ microservices in span on 3 years could I use Them as an real world experience ?
0 replies3 likes
Nikhil Hegde
Co-Founding Somethin...ย โขย 1m
WhatsApp-based chatbots have immense potential, but why aren't they taking off? Limited discovery, lack of visibility, and restricted functionality might be holding them back! What do you think? #chatbots #whatsapp #conversationalai"
1 replies3 likes
Aditya Upadhyay
Student|| Python Pro...ย โขย 10m
I have lots off idea in my mind , lots of scripts but due to lack of resources I am not able to execute them.
If you have Time please contact with let's do some thing on social media.
If have any suggestions please tell me..