Netflix didnāt just beat Blockbusterāthey 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
Kimiko
Posts about startup ...Ā ā¢Ā 2m
someone should buy brand of blockbuster and give a solid comeback
0 replies1 like
More like this
Recommendations from Medial
Tech Consumers
Ā ā¢Ā
YouTubeĀ ā¢Ā 11m
Will byjus give a comeback
2 replies7 likes
prasenjit kumar das BBA
Hey I am on MedialĀ ā¢Ā 3m
Give me a suggestion how should we build a good brand
2 replies2 likes
Havish Gupta
Figuring OutĀ ā¢Ā 6m
Byjus is 'Hopeful of a Comeback'
19 replies14 likes
Rybitic
Founder and CEO at C...Ā ā¢Ā 1y
Why did GameStop not die like Blockbuster, after the release of online game stores like epic games and steam do people really go to there stores and buy games instead of buying them digitally from the comfort of their home?
There should be a showcase where people could post all of their ideas where they putted efforts but they failed and should mention the big reasons behind their failure, this will prevent someone from getting involved into those ideas and if they don'
See More
0 replies3 likes
Kamaleswaran Zeno
Hey I am on MedialĀ ā¢Ā 5m
Good Morning i am looking for someone with a solid idea and product and is looking for funding
I always wanted to be a business owner, but I am always confused about whether i should buy a business or start something of my own?
If buying, how much money would i need?
Will an investor give money to buy a business?
1 replies2 likes
Jaswanth Jegan
Founder-Hexpertify.c...Ā ā¢Ā 10m
If BYJUās gives a turnaround from its struggles then it would be the greatest turnaround in the history.But can they give a comeback?
15 replies13 likes
Vishu Bheda
Ā ā¢Ā
MedialĀ ā¢Ā 3m
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