Netflix Offered $50M… Blockbuster Mocked Them | Rise & Fall Story

Описание: Netflix Offered $50M… Blockbuster Mocked Them | Rise & Fall Story


In 1997, when the internet was still new, two men—Marc Randolph and Reed Hastings—had a simple but revolutionary idea: rent movies online without late fees.

At a time when Blockbuster was earning $800 million a year just from late fees, Netflix dared to challenge the system. Blockbuster laughed at Netflix’s $50 million offer, dismissing online rentals as a joke.

What followed was one of the biggest business failures in history.

📀 From DVDs by mail
🌐 To the world’s first streaming platform
💥 And the collapse of a billion-dollar empire

This video explains how Netflix rose and why Blockbuster failed, and what lessons entrepreneurs can learn from this historic mistake.

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