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Did Blockbuster refuse to buy Netflix?

Updated: 11/1/2022

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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Ashton Stoltenberg

Lvl 10
βˆ™ 4y ago

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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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Domingo Boyle

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βˆ™ 4y ago
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Curtis Strite

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βˆ™ 4y ago
Blockbuster really missed a huge opportunity on this one!
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Yeees , Blockbuster really missed a huge opportunity on this one!

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yep

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loganj

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βˆ™ 4y ago

yes

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Anonymous

Lvl 1
βˆ™ 4y ago

(( _ _ )) ..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

Lvl 1
βˆ™ 4y ago

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

Lvl 1
βˆ™ 4y ago

that's not from your business

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Anonymous

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βˆ™ 4y ago

no u

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Anonymous

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βˆ™ 4y ago

?

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Anonymous

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βˆ™ 4y ago

yes

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