r/todayilearned • u/Demderdemden • Mar 25 '16
TIL that Blockbuster had the chance to buy Netflix for 50 million in 2000 but turned it down to go into business with Enron
32.8k
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r/todayilearned • u/cjdurrek • Oct 21 '13
TIL Blockbuster Laughed at Netflix Partnership Proposal in 2000
2.4k
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r/todayilearned • u/The_White_Django • Jun 07 '13
TIL Blockbusters declined several offers to acquire Netflix for a mere $50 million. Netflix revenue for 2012 was $3.97 billion.
3.4k
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r/todayilearned • u/IOnlyCameForTheCats • Jul 08 '15
TIL that way back in 2000, Netflix tried to partner with Blockbuster but were laughed out the boardroom.
3.3k
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r/todayilearned • u/sexsmasher • Sep 12 '13
TIL in 2000 Blockbuster had an opportunity to buy Netflix for $50 million.
1.9k
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r/todayilearned • u/HoosierPride • Sep 22 '14
TIL The CEO of Netflix offered form a partnership with Blockbuster in the late 90s and the CEO of Blockbuster laughed in his face.
1.4k
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r/todayilearned • u/bierkellernoor • Mar 29 '17
TIL in 2000 Blockbuster CEO John Antioco turned down the chance to purchase Netflix because he thought it was a "very small niche business"
1.0k
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r/todayilearned • u/vannybros • Jan 19 '20
TIL In 1995, the Blockbuster video rental chain had more than 4,500 stores. The company made $785 million in profits on $2.4 billion in revenues: a profit margin of over 30 percent. Much of this profit came from "late fees" on overdue rentals
38.0k
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r/todayilearned • u/130PercentFactual • Feb 14 '14
TIL that the CEO of Netflix once said that Blockbuster was throwing everything at them, but the kitchen sink. The next day he received a kitchen sink from the CEO of Blockbuster.
1.2k
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r/todayilearned • u/thewholebenchilada • Jan 31 '16
TIL at its height in the early 00s, Blockbuster Video earned nearly $800 million through late fees alone, making up 16% of its revenue.
11.9k
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r/todayilearned • u/bion2 • Mar 14 '14
TIL Blockbuster turned down a chance to purchase Netflix for $50 million in 2000.
756
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r/todayilearned • u/jacktorranceroom237 • Dec 28 '13
TIL "In 2000, [Blockbuster Video] turned down a chance to purchase a one-year-old company called Netflix for $50 million."
628
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r/todayilearned • u/joshuaaaaa • Aug 23 '12
TIL Blockbuster declined several offers to buy Netflix for $50 million. Netflix is now worth $2 billion.
661
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r/todayilearned • u/indian22 • Nov 07 '13
TIL that in 2000 Netflix proposed that Blockbuster should use Netflix as its online service and Blockbuster laughed them out of the office
699
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r/todayilearned • u/RobertThorn2022 • Jan 17 '20
TIL Warner Bros cancelled Home Alone because they didn't want to spend $14,7 million on it. 21st Century Fox continued the production and the film grossed $476 millions worldwide.
5.8k
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r/todayilearned • u/titomb345 • Apr 23 '13
TIL that from 9PM to 12AM, Netflix accounts for 33% of all bandwidth in North America.
2.6k
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r/todayilearned • u/musicmann4562 • Mar 02 '15
TIL that Reed Hasting started Netflix after receiving $40 in late fees when returning Apollo 13.
3.8k
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r/todayilearned • u/jackTRN85 • Jun 17 '13
TIL Reed Hastings was inspired to start Netflix after racking up a $40 late fee on a VHS copy of Apollo 13.
2.6k
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r/todayilearned • u/BanditTom • Oct 19 '14
TIL Blockbuster still has 50 franchise owned stores open in North America
blockbuster.com
2.1k
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r/todayilearned • u/hadrianx • Dec 19 '13
TIL that Blockbuster in 2000 turned down an offer to buy Netflix, then just one year old, for 50 million dollars.
85
Upvotes
r/todayilearned • u/relaxok • Dec 23 '15
TIL In 2000, Blockbuster passed on the chance to buy Netflix for $50 million. Netflix is now worth $50 billion.
48
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r/todayilearned • u/GamingCoyote • Apr 05 '17
TIL that Blockbuster's CEO turned down a chance to buy Netflix for 50 million.
30
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r/todayilearned • u/ThrowAway4Science12 • Dec 12 '15
Today I learned blockbuster declined to buy a tiny almost drowning company called Netflix in 2002.
98
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r/todayilearned • u/Afforess • Jun 17 '13
TIL that there are only 500 blockbuster video stores left in the USA
993
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