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Blockbuster's $50 million Netflix rejection remembered

Original: У 2000 році Blockbuster відмовився купити Netflix за 50 мільйонів доларів. Netflix на той момент був маленьким сервісом

In 2000, Blockbuster turned down the chance to buy Netflix for $50 million. At the time Netflix was a small DVD-by-mail rental service founded in 1997, charging $15.95 a month with no late fees. The story is being retold as one of business history's most famous missed opportunities, given Netflix's rise into a streaming giant and Blockbuster's collapse.

Why now: The story circulates as a cautionary tale about companies misjudging disruptive competitors.

BlockbusterNetflix

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API: https://socialmediatrends-api.osmike.com/v1/trends/849511