Netflix didn't kill blockbuster, blockbuster killed blockbuster!, same way Kodak, Microsoft (Windows phone),blackberry,3dfx... all refused to innovate and get with the times
Wall Street killed blockbuster. Netflix has been subsidized for 12 years. Now raising prices and quality is tanking because the subsidies are over. Same as Uber and AirBnB.
Agreed. Netflix streaming never could and still today doesn't come close to competing with Blockbuster by itself. People didn't replace Blockbuster with Netflix. They replaced Blockbuster with 1. Pirated downloads 2. Amazon rentals/downloads 3. Cable On Demand 4. Redbox 5. Netflix 6. Other streaming services The advent of original content on the premium subscription services and free content on services like Tubi and Pluto, greatly reduced or eliminated the demand for options 1-4, but those were significant drivers of Blockbuster's demise as well. It wasn't just one company's strategy that killed Blockbuster. It's Blockbuster's inability to adapt to technological advancements to create a more convenient product offering.
Not true. Blockbuster did move to streaming. They were retooling and "coincidentally" Carl Icahn the Deep State corporate raider took out Blockbuster. Many other facts related to this.
@@johncowan1993 or discover stg surprisingly good that u normally wouldn’t take or u don’t turn off the movie after 10 minutes and discover it actually is great ( or terrible)
As a 40yr old who remembers the 90s like it was yesterday. I really miss video stores it was so exciting going to the stores and hoping that all the copies weren't rented out of the movie you wanted to see. Meeting people taking a bit about movies getting their recommendations for a good movie. Man we we're lucky back in them days.
I miss blockbuster so much, even when I went in there just to look what was there on the way home from school and college. Even the relationships created with the people who worked there
great story! but I do miss the video store. There was an independent shop in my neighborhood that I could walk to. You had to drive to blockbuster so we only went there like once or twice a month. But the experience was still the same. I feel very fortunate to have grown up in those times.
Video stores being in everyones neighbourhood and now no longer is the biggest shame, it was a big part of my social life to go pick out films to watch at the end of the week.
It wasn't netflix that killed blockbuster. It was hubris and ignorance of the changing technological landscape. If it wasn't netflix, it would've been another streaming platform
@AdamEntwistle going by the vid, it appears so... jst shocked it was bc of Netflix and not downloads. 😆😂 EDIT: Fck it, im throwing it in there... mandella effect 🤪🤣
Sears. Pan-Am. RCA. History is littered with behemoths that couldn't accept that the world was changing and they needed to change with it. I had a conversation with a Ford executive (2nd or 3rd in North American sales under Sisco Codina, all three of which were present) about buying my first car in 2004. I pointed out that there were only three cars under 20k at the time, the Ranger, the Focus, and the Mustang. I live in a suburb in the Northeast so it's not going to be a pickup. I said that the options for me are the Mustang or the (then) barebones Focus while GM was rolling out new cars aimed at younger drivers with flashy features like MP3 players. His response: "We just need to advertise better." Everyone in that room was fired about a year later (including me, but that was a different story).
I remember having Netflix by mail and Blockbuster subscription service at the same time. I could get 3 movies at a time, in the mail from Netflix. And Blockbuster, I think I can get two movies at a time, I’m not sure if I picked them up at the store (across the street) or if they mailed them to me? And I had a Mac (I haven’t used the computer in so many years not that we have tablets and phones.) With an app called Handbrake, and I would just copy the hard drive. I think handbrake was an app, or maybe on computers you call them programs I forget. I didn’t given time, I had five movies and life was good. Now you have access to any movie you want on your cell phone
Nothing beats going on a Friday to rent movies and video games it was a magical times when it was quality over quantity and when movies were actually good.
I grew up going to the blockbuster on Kissena Blvd here in Queens NY, as a kid my brother and I use to go there every Friday pick up games pick up movies and from there we’d go to the supermarket get a couple of hoagies, chips and chocolate ice cream bars, go back home and venture off into new worlds. The journey of going to blockbuster was magical and I love the digital age but there’s just something about what blockbuster did for us as people that is sorely missed.
At minute 08:57 he says "Why isn't ...Blockbuster... selling gum and candy?" I distinctly recall a point in time when Blockbuster started stocking gum, candy, popcorn, and sodas in their stores. Too bad that wasn't going to save them from the Internet.
My grandma would always take me into block buster while my mom worked. I remember renting ps2 games and picking out a box of candy! Occasionally they would give away the posters and signs and they gave me quite a few.
I guess it’s the way of the world… local video rentals took out by blockbuster, then blockbuster taken out by Netflix… the question now of course is what comes alone to squash Netflix and surpasses streaming. I personally think a return to physical once people click they own nothing and can have it pulled from under them at a moments notice.
I analyzed this case during my MBA years, NETFLIX survived just due to the financial crisis. Debt became so cheap, that they multiples skyrocket, and the raised money saved them. Which at the same time Block Buster with their crazy overhead, future cashflow showed a deep decline, and finally killed them.
We gave up a store that gave us memories that had every movie and game available to rent... For a site that sure, has convenience but doenst have all the movies... Not even a quarter of the movies. And now we have to pay multiple sites to watch whatever movie we want
Used to go to the cabin for the weekend, would stop at grocery store for killer food, grab a case of beer or a bottle of whiskey then spend an hour in blockbuster trying to find the perfect 2 for 1 deal in the previously viewed for end of the night movies
Every single time i went to Blockbuster. I had a late fee. I could watch a movie and bring it back hours later and would have a late fee. I hated that place and they got what they deserved!
I remember going to my favorite independent video store that went under because they couldn’t compete with blockbuster video. The owner told me they were closing the store and if you want to buy cheap NES and SNES I would sell them to you cheap. I was like WOW, this is how I completed my retro collection of Nes and Snes games.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
They had help from Blockbuster. Blockbuster intentionally made their rentals as confusing as possible as a policy to rake their customers over in late fees.
The Steven Spielberg movie he’s talking about. What is that movie? I think he’s confusing it with George Luca’s THX1138, because that film ends with the robot guards almost catching THX all the while the control center talks about how the pursuit is going over budget.
I completely remember this period he is referring to. Blockbuster started doing the same model with the advantage that they had movies that Netflix simply couldn’t get their hands on, rare international, independent movies… then they just decided to stop. Never made sense to me .
This is a case of kids falling for a worse product and ruining the better one. I absolutely understand the positives of streaming. But I also understand the positives of having literally every movie that’s ever gone to DVD being a short drive away. You may not remember this but new movies are released on Tuesday and every Tuesday, BB had EVERY movie that was released in that format. They also kept at least one copy of all the ones that came out decades ago. Streaming is better than disc but Netflix only gets a small percentage of the ones studios release new and you can forget about 90% of the old movies from the 80s and 90s.
Lovefilm which was UK based and offered DVDs by mail as well as streaming was bought by Amazon back in 2011 and then turned into Amazon instant video on demand which then became Amazon Prime.
But it ws not just Blockbuster. In Australia ,I owned and operated a large video store , we changed Franchises 3 times and became Video Ezy as Blockbuster had too much control over your business. Video Ezy was the biggest here , more stores than Blockbuster that was 2nd. Fowtell did not hurt us too much . We were one of the last standing in my city and closed in 2019 after 20 years. All franchises folded , I dont know why ,netflix does not have what I want when I want it. But the cheap fees of Netflix is what turned most people to change from Video stores to a lot of viewing at a cheap price. If Netflix was the same price as Foxtel they would not have been overthrow such a huge multi billion dollar industry.
Yeah Blockbuster dropped the ball when they failed to see streaming services coming on. Netflix figured it out pretty quick and so did a lot of other services. Blockbuster stuck with what they knew and it didn't work out for them.
Personally, I dont think it was just Netflix, something just existing doesn't mean something else can't. What killed Blockbuster was all those people who stopped going once they found a way of watching a movie without leaving the house.. All those people who now post about missing places like Blockbuster were the same ones who stopped going. I used to use my local store alot for games and movies, I saw how it got emptier as the weeks went by, then big game or movie releases stopped getting big lines out the doors which was when they announced they were shutting down, all of a sudden everyone who'd stopped going blamed Netflix
Wrong. Blockbuster went down because internet speeds got faster. Less people on 56k dial-up. You forgot those years. That transition allowed other technologies. Not silly Netflix.
Does anyone remember cinemark and 16000 videos in Orlando florida...man i miss those days..no social media made life better ..the only social media i prefer is youtube....
blockbusters prices were ridiculous and at the end you were paying late fees because the way they worded stuff was if you had one day more then you did, alot of their games didnt even work right and the rental prices kept going up. and really we only used blockbuster to "netflix and chill". it was the perfect way to get laid. not many people really caredabout 90% of the movies it was just a stepping stone to lay next to your chick and put a move on her which you both wanted but couldnt bluntly say because society labels it improper so you gotta do these rain dances.
I am absolutely shocked that nobody has bought the rights to blockbuster and made it a streaming service yet…..with that name, reputation and iconic logo? Oh my god.
@@YogaBlissDance Absolutely not…..that brand and its name is too big not to be a success…..Amazon is already taking up 30% of Netflix’s market share…..you gotta pump money into it and create hit shows.
Blockbuster was going downhill well before Netflix here’s the reasons I’m from the uk so I will give you reasons from the uk tuesday-Wednesday cinema tickets would cost £2.50 - £3:75, while the price of a rental was £5.50 which went upto nearly £6:00, local video rental shops did piracy and would get 2 copies of not for rent vhs and dvd’s and rent them out for £1:00-£1:50 per night so most people would go there plus the dvd boom people were just addicted to buying dvd’s that was gone with blue ray when even people just don’t buy and Netflix was a godsend because they thought after blueray there will be a new gimmick so to hell with it and these Warner bros , Disney fox etc companies demanding so much money from the rental market for they IP’s was very bad just to appease the shareholders if the playing field was fare blockbuster and streaming services could have co-existed but ultimately cooperate greed destroyed blockbuster not Netflix
Blockbuster had data that netflix and other streaming companies would dream of, what movies you rented how many times, which catalogues of the big studios was worth actually money, they had brand recognition, they could have owned streaming. think about it blockbuster could have taken there data on users and cherry picked the titles everyone watches and left the rest for netflix or someone else.
It’s funny how he says they’re $50 million in the hole & can’t really get a jet ✈️ , yet that somehow still able to afford a “Corporate Retreat” for its executives.
Some companies make money in spite of their poor business model and so they don’t think they need to change anything and that was blockbuster. Just like when Bill Gates talked a friend of his into selling his operating system for like 40K which enabled him to put his software into IBM computers and the rest is history
Netflix didn't kill blockbuster, blockbuster killed blockbuster!, same way Kodak, Microsoft (Windows phone),blackberry,3dfx... all refused to innovate and get with the times
Wall Street killed blockbuster. Netflix has been subsidized for 12 years. Now raising prices and quality is tanking because the subsidies are over. Same as Uber and AirBnB.
A great lesson in hubris.
Agreed. Netflix streaming never could and still today doesn't come close to competing with Blockbuster by itself. People didn't replace Blockbuster with Netflix. They replaced Blockbuster with
1. Pirated downloads
2. Amazon rentals/downloads
3. Cable On Demand
4. Redbox
5. Netflix
6. Other streaming services
The advent of original content on the premium subscription services and free content on services like Tubi and Pluto, greatly reduced or eliminated the demand for options 1-4, but those were significant drivers of Blockbuster's demise as well.
It wasn't just one company's strategy that killed Blockbuster. It's Blockbuster's inability to adapt to technological advancements to create a more convenient product offering.
Not true. Blockbuster did move to streaming. They were retooling and "coincidentally" Carl Icahn the Deep State corporate raider took out Blockbuster. Many other facts related to this.
@@Mothball_man💯
Even though it makes life easier I kind of miss that part of the evening when u go to a video store and choose an evening
Me too
Even when you picked the wrong evening? 😂
@@Qubnomil yep picking meant you committed
You have your mind set on a particular film but all the copies are gone so you have to pick something else & you hate it!
@@johncowan1993 or discover stg surprisingly good that u normally wouldn’t take or u don’t turn off the movie after 10 minutes and discover it actually is great ( or terrible)
As a 40yr old who remembers the 90s like it was yesterday. I really miss video stores it was so exciting going to the stores and hoping that all the copies weren't rented out of the movie you wanted to see. Meeting people taking a bit about movies getting their recommendations for a good movie. Man we we're lucky back in them days.
Absolutely
I'm in my 20's so I grew up with streaming.
Except for AIDS.
So cool being a teenager in the 90s. Especially the late 90s when society became darker and caters more to a young males life
I remember when Blockbuster killed independent video stores.
I prefered the indies if given the choice, I refused to join blockbuster till had no other choice.
Actually, an independent video store just recently closed permanently, years after Blockbuster did.
Four Star Video in Kenosha, WI. Sad to see it go in 1996
Actual karma
YEP
I miss blockbuster so much, even when I went in there just to look what was there on the way home from school and college. Even the relationships created with the people who worked there
A very polite and diplomatic way of saying mismanagement and lack of innovation.
I use to work at blockbuster. It was such a family feeling environment. I miss it dearly.
Bet your best part of the day was "you're an hour late, that will be 5 bucks pls." 😂
Hahahah
Your CEO was a moron
great story! but I do miss the video store. There was an independent shop in my neighborhood that I could walk to. You had to drive to blockbuster so we only went there like once or twice a month. But the experience was still the same. I feel very fortunate to have grown up in those times.
I managed a Blockbuster in Fallbrook, CA (San Diego area) . Best job I ever had ! Loved my customers!
Video stores being in everyones neighbourhood and now no longer is the biggest shame, it was a big part of my social life to go pick out films to watch at the end of the week.
I remember this. They tried for years to work with Blockbuster. They denied the new model and look…
It wasn't netflix that killed blockbuster.
It was hubris and ignorance of the changing technological landscape.
If it wasn't netflix, it would've been another streaming platform
I can swear it was downloads that killed blockbuster, could swear netflix wasn't a thing until after blockbuster down
Nope you're wrong @@Sonsaiyon
@AdamEntwistle going by the vid, it appears so... jst shocked it was bc of Netflix and not downloads. 😆😂
EDIT: Fck it, im throwing it in there... mandella effect 🤪🤣
Sears. Pan-Am. RCA. History is littered with behemoths that couldn't accept that the world was changing and they needed to change with it.
I had a conversation with a Ford executive (2nd or 3rd in North American sales under Sisco Codina, all three of which were present) about buying my first car in 2004. I pointed out that there were only three cars under 20k at the time, the Ranger, the Focus, and the Mustang. I live in a suburb in the Northeast so it's not going to be a pickup. I said that the options for me are the Mustang or the (then) barebones Focus while GM was rolling out new cars aimed at younger drivers with flashy features like MP3 players. His response: "We just need to advertise better." Everyone in that room was fired about a year later (including me, but that was a different story).
I agree it did kill a whole experience, yall can say whatever you want!!! Sugarcoat it however you like! Facts are facts‼️
Brad Pitt in moneyball says "dont adapt u die"...blockbuster refused to adapt
I remember having Netflix by mail and Blockbuster subscription service at the same time. I could get 3 movies at a time, in the mail from Netflix.
And Blockbuster, I think I can get two movies at a time, I’m not sure if I picked them up at the store (across the street) or if they mailed them to me?
And I had a Mac (I haven’t used the computer in so many years not that we have tablets and phones.) With an app called Handbrake, and I would just copy the hard drive. I think handbrake was an app, or maybe on computers you call them programs I forget.
I didn’t given time, I had five movies and life was good. Now you have access to any movie you want on your cell phone
4:07 "You know, sometimes the only way out is through."
And now the public library has replaced Blockbuster for me.
Nothing beats going on a Friday to rent movies and video games it was a magical times when it was quality over quantity and when movies were actually good.
I miss the whole blockbuster night experience, getting your movies, games and food on a Friday or Saturday evening with your family was cool.
I grew up going to the blockbuster on Kissena Blvd here in Queens NY, as a kid my brother and I use to go there every Friday pick up games pick up movies and from there we’d go to the supermarket get a couple of hoagies, chips and chocolate ice cream bars, go back home and venture off into new worlds. The journey of going to blockbuster was magical and I love the digital age but there’s just something about what blockbuster did for us as people that is sorely missed.
Great interview. I forgot about the Merch! I remember going into Blockbuster in San Diego and it was starting to look like Hot Topic!
At minute 08:57 he says "Why isn't ...Blockbuster... selling gum and candy?" I distinctly recall a point in time when Blockbuster started stocking gum, candy, popcorn, and sodas in their stores. Too bad that wasn't going to save them from the Internet.
There is something good to be said about shared culture about being in a store talking to strangers about movies.
High speed internet killed it!
My grandma would always take me into block buster while my mom worked. I remember renting ps2 games and picking out a box of candy! Occasionally they would give away the posters and signs and they gave me quite a few.
Blockbuster reported a $2 late fee to my credit report. Not missed.
We need a Netflix movie on Netflix
On Hulu or Disney plus 😅
I guess it’s the way of the world… local video rentals took out by blockbuster, then blockbuster taken out by Netflix… the question now of course is what comes alone to squash Netflix and surpasses streaming. I personally think a return to physical once people click they own nothing and can have it pulled from under them at a moments notice.
First time i played goldeneye for the N64. My dad rented it from blockbuster’s when it first opened in my town.
The internet killed Blockbuster.
Blockbuster was more concerned about collecting late fees, rather than providing value to customers.
I worked for Blockbuster, but not long after I left is when I started seeing Netflix envelopes, and even got a couple in the mail, some by mistake.
I analyzed this case during my MBA years, NETFLIX survived just due to the financial crisis. Debt became so cheap, that they multiples skyrocket, and the raised money saved them. Which at the same time Block Buster with their crazy overhead, future cashflow showed a deep decline, and finally killed them.
We gave up a store that gave us memories that had every movie and game available to rent... For a site that sure, has convenience but doenst have all the movies... Not even a quarter of the movies. And now we have to pay multiple sites to watch whatever movie we want
Used to go to the cabin for the weekend, would stop at grocery store for killer food, grab a case of beer or a bottle of whiskey then spend an hour in blockbuster trying to find the perfect 2 for 1 deal in the previously viewed for end of the night movies
My parents and I lived adjacent to small mom-and-pop video stores for years. I was infinitely more sorry to see those go than I was for Blockbuster.
stream movies from home work from home get your food delivered home. sounds like a prison where you are your own guard
I miss paying late fees and arguing with a teenage manager.
Blockbuster killed Circles Records and independent Record stores.
I hate that my city of Santa Barbara is a retreat to so many rich elites who can never help but flex they have a house or retreat there
Every single time i went to Blockbuster. I had a late fee. I could watch a movie and bring it back hours later and would have a late fee. I hated that place and they got what they deserved!
Used to work for BB, thanks very much.
We used to release new videos every Monday, netflix updates whenever it feels like it.
I would love to see this Spielberg short about the robot chasing someone and working on a cost benefit analysis model.
He got it wrong... The movie is THX 1138 and it was George Lucas who was the director.
I remember going to my favorite independent video store that went under because they couldn’t compete with blockbuster video. The owner told me they were closing the store and if you want to buy cheap NES and SNES I would sell them to you cheap. I was like WOW, this is how I completed my retro collection of Nes and Snes games.
Hollywood video was my favorite because they had the good video games in stock.
Hearing all this makes me wish we had a movie on how netflix firsr started or maybe some documentary
Corporate retreat in cali = Diddy Party
9:45 That reference to the "Spielberg film school project" sounds near exactly like George Lucas' THX1138.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment
Golden nuggets of history ❤
They had help from Blockbuster. Blockbuster intentionally made their rentals as confusing as possible as a policy to rake their customers over in late fees.
Blockbuster had every movie. Don't have access to that streaming
The Steven Spielberg movie he’s talking about. What is that movie? I think he’s confusing it with George Luca’s THX1138, because that film ends with the robot guards almost catching THX all the while the control center talks about how the pursuit is going over budget.
Blockbuster killed itself
I completely remember this period he is referring to. Blockbuster started doing the same model with the advantage that they had movies that Netflix simply couldn’t get their hands on, rare international, independent movies… then they just decided to stop. Never made sense to me .
I dodnt know blocbuster and netflix were around at the same time... I could have swore it was downloads that killed blockbuster
They were thinking with their egos not their heads.success can be deceptive atimes....a very important lesson to learn here.
Ok now I'm waiting for what killed netflix episode
WWE saved them. They got RAW starting in January
Blockbuster was greedy taking late charges off their customers.
He is being modest. Blockbuster didn’t have the same DNA as Netflix. Thank God that Netflix kept going because they changed the entire game.
Blockbuster killed blockbuster they didn't move with the times till it was to late
The corporate raider that he was talking about… it was Carl Icahn, wasnt it?
This is a case of kids falling for a worse product and ruining the better one. I absolutely understand the positives of streaming. But I also understand the positives of having literally every movie that’s ever gone to DVD being a short drive away. You may not remember this but new movies are released on Tuesday and every Tuesday, BB had EVERY movie that was released in that format. They also kept at least one copy of all the ones that came out decades ago. Streaming is better than disc but Netflix only gets a small percentage of the ones studios release new and you can forget about 90% of the old movies from the 80s and 90s.
Lovefilm tried a similar version of that blended model and they collapsed
Lovefilm which was UK based and offered DVDs by mail as well as streaming was bought by Amazon back in 2011 and then turned into Amazon instant video on demand which then became Amazon Prime.
Blockbuster killed itself. Just like how Kodak offed itself back in the day
But it ws not just Blockbuster. In Australia ,I owned and operated a large video store , we changed Franchises 3 times and became Video Ezy as Blockbuster had too much control over your business. Video Ezy was the biggest here , more stores than Blockbuster that was 2nd. Fowtell did not hurt us too much . We were one of the last standing in my city and closed in 2019 after 20 years. All franchises folded , I dont know why ,netflix does not have what I want when I want it. But the cheap fees of Netflix is what turned most people to change from Video stores to a lot of viewing at a cheap price. If Netflix was the same price as Foxtel they would not have been overthrow such a huge multi billion dollar industry.
Yeah Blockbuster dropped the ball when they failed to see streaming services coming on. Netflix figured it out pretty quick and so did a lot of other services. Blockbuster stuck with what they knew and it didn't work out for them.
Friday nights in blockbuster for the new releases was crazy but fun
Personally, I dont think it was just Netflix, something just existing doesn't mean something else can't. What killed Blockbuster was all those people who stopped going once they found a way of watching a movie without leaving the house.. All those people who now post about missing places like Blockbuster were the same ones who stopped going. I used to use my local store alot for games and movies, I saw how it got emptier as the weeks went by, then big game or movie releases stopped getting big lines out the doors which was when they announced they were shutting down, all of a sudden everyone who'd stopped going blamed Netflix
Imagine if they buy the naming rights to blockbuster and decide to rebrand to blockbuster.
Wrong. Blockbuster went down because internet speeds got faster. Less people on 56k dial-up. You forgot those years.
That transition allowed other technologies. Not silly Netflix.
What a cool guy
I miss Blockbuster.. it was a weekend visit
Yeah it's funny when corporate giants don't fear the Nats, we are coming for you
My favourite store was Blockbuster in 90's
Fascinating, I never knew the facts in the rise fall of both beloved companies
Blockbuster actually killed themselves by not paying a measly 50 million dollars to a company that would eventually later burry them
Fr 😂
I missed the old school way.bored on a Sunday would go to blockbuster on a Sunday grab film get some munchies good old days
They got so much money they should just build a few stores throughout the country to shut people up about missing blockbuster
Does anyone remember cinemark and 16000 videos in Orlando florida...man i miss those days..no social media made life better ..the only social media i prefer is youtube....
I remember the downfall of Blockbuster. Similar happened to Kodak back in the day. Sears, Nokia, BlackBerry, the list goes on.
No More Late Fees!!
It’s kinda like the motor trade and electric vehicle
And now Redbox is bankrupt
Being confortable kills company’s period.. seen it over and over
blockbusters prices were ridiculous and at the end you were paying late fees because the way they worded stuff was if you had one day more then you did, alot of their games didnt even work right and the rental prices kept going up. and really we only used blockbuster to "netflix and chill". it was the perfect way to get laid. not many people really caredabout 90% of the movies it was just a stepping stone to lay next to your chick and put a move on her which you both wanted but couldnt bluntly say because society labels it improper so you gotta do these rain dances.
Going on a retreat when you're 50 million in the whole takes a special type of person!
Same kinda happened with master p dude turned down a huge deal with only like 400 dollars to his name and he was on a plane ✈️
I am absolutely shocked that nobody has bought the rights to blockbuster and made it a streaming service yet…..with that name, reputation and iconic logo? Oh my god.
It's too late to jump in now, Netflix is the monster in the space.
@@YogaBlissDance Absolutely not…..that brand and its name is too big not to be a success…..Amazon is already taking up 30% of Netflix’s market share…..you gotta pump money into it and create hit shows.
Blockbuster refusing to change and innovate reminds me of Kmart when Walmart came around and put them out of business same premises.
Blockbuster was going downhill well before Netflix here’s the reasons I’m from the uk so I will give you reasons from the uk tuesday-Wednesday cinema tickets would cost £2.50 - £3:75, while the price of a rental was £5.50 which went upto nearly £6:00, local video rental shops did piracy and would get 2 copies of not for rent vhs and dvd’s and rent them out for £1:00-£1:50 per night so most people would go there plus the dvd boom people were just addicted to buying dvd’s that was gone with blue ray when even people just don’t buy and Netflix was a godsend because they thought after blueray there will be a new gimmick so to hell with it and these Warner bros , Disney fox etc companies demanding so much money from the rental market for they IP’s was very bad just to appease the shareholders if the playing field was fare blockbuster and streaming services could have co-existed but ultimately cooperate greed destroyed blockbuster not Netflix
Blockbuster had data that netflix and other streaming companies would dream of, what movies you rented how many times, which catalogues of the big studios was worth actually money, they had brand recognition, they could have owned streaming. think about it blockbuster could have taken there data on users and cherry picked the titles everyone watches and left the rest for netflix or someone else.
If Netflix didnt kill blockbuster. RedBox would have killed them. Then online streaming kill RedBox. 😂
Spielberg? That sounds more like Lucas’ film THX 1138.
It wasn't just Netflix. Redbox and streaming movies in general caused blockbuster to end.
Netflix didn't kill blockbuster the internet did.
I much preferred the smaller independent rental stores.
Blockbusters was a rip off
We just miss the exotic blockbuster candies and snacks
It’s funny how he says they’re $50 million in the hole & can’t really get a jet ✈️ , yet that somehow still able to afford a “Corporate Retreat” for its executives.
Wow. What a story.
Some companies make money in spite of their poor business model
and so they don’t think they need to change anything and that was blockbuster. Just like when Bill Gates talked a friend of his into selling his operating system for like 40K which enabled him to put his software into IBM computers and the rest is history
Blockbuster sealed their own fate when they refused to move with the times, I miss Blockbuster dearly though