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Did Blockbuster refuse to buy Netflix?

I loved Blockbuster, and I heard that they actually passed up an opportunity to buy Netflix back in the day, which could’ve prevented their demise. Is this true?

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Domingo Boyle
2020-05-12 21:25:16

Yes. In 2000, when Blockbuster was the titan of the movie-rental industry and Netflix was a scrappy DVD-by-mail upstart, top dogs from both companies met about a potential sale. Netflix's founders offered to sell their company to Blockbuster, and when they mentioned their price tag of $50 million, Blockbuster’s CEO stifled a laugh and ultimately turned them down.

Ten years later, Blockbuster went out of business; that same year, Netflix, by then in the streaming game, brought in over $2 billion in revenue. In 2019, they brought in $20 billion.

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loganj
2020-05-20 15:22:20

yes

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Manish Khatiwada
2020-05-19 18:24:56

yep

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Anonymous
2020-05-22 17:02:57

that's not from your business

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Anonymous
2020-05-20 17:43:02

yes

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Anonymous
2020-05-20 15:11:30

nnnnnnnnnnnnnnnnoooooooooooooo. In 2000, when Blockbuster was the titan of the movie-rental industry and Netflix was a scrappy DVD-by-mail upstart, top dogs from both companies met about a potential sale. Netflix's founders offered to sell their company to Blockbuster, and when they mentioned their price tag of $50 million, Blockbuster’s CEO stifled a laugh and ultimately turned them down.

Ten years later, Blockbuster went out of business; that same year, Netflix, by then in the streaming game, brought in over $2 billion in revenue. In 2019, they brought in $20 billion.

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Anonymous
2020-05-20 13:50:06

?

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Anonymous
2020-05-19 20:36:55

(( _ _ )) ..ZZzzz

Yes. In 2000, when Blockbuster was the titan of the movie-rental industry and Netflix was a scrappy DVD-by-mail upstart, top dogs from both companies met about a potential sale. Netflix's founders offered to sell their company to Blockbuster, and when they mentioned their price tag of $50 million, Blockbuster’s CEO stifled a laugh and ultimately turned them down.

Ten years later, Blockbuster went out of business; that same year, Netflix, by then in the streaming game, brought in over $2 billion in revenue. In 2019, they brought in $20 billion.

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Anonymous
2020-05-19 20:35:43

no u


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