SabreFan1 Posted July 19, 2015 Share Posted July 19, 2015 Worst.Business.Decision.ever..... (With maybe the exception of the whole AOL-Time Warner fiasco) Former Blockbuster CEO, John Antioco, turned down an offer to buy Netflix in 2000 for $50 Million. Of course the rest is history as Netflix went on to bankrupt and kill Blockbuster years later. Now Netflix is worth just shy of $33 Billion. I still remember racking up all of those crazy Blockbuster late fees from returning the VHS tapes and then DVD's past their due date. http://www.businessinsider.com/blockbuster-ceo-passed-up-chance-to-buy-netflix-for-50-million-2015-7 Link to comment Share on other sites More sharing options...
Jiggs50 Posted July 19, 2015 Share Posted July 19, 2015 Ouch. Link to comment Share on other sites More sharing options...
Rounoush Posted July 19, 2015 Share Posted July 19, 2015 Whoops! Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted July 19, 2015 Share Posted July 19, 2015 I wish I had invented plentyoffish.com That just sold for $550 million. Link to comment Share on other sites More sharing options...
SabreFan1 Posted July 19, 2015 Author Share Posted July 19, 2015 I wish I had invented plentyoffish.com That just sold for $550 million. Wow! I did not know that happened. A free dating website being sold for over half a Billion. I wonder how long until buyers remorse sets in with that purchase. Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted July 19, 2015 Share Posted July 19, 2015 Wow! I did not know that happened. A free dating website being sold for over half a Billion. I wonder how long until buyers remorse sets in with that purchase. Match.com bought it. Probably just adds to the portfolio. Link to comment Share on other sites More sharing options...
The Weasel Posted July 19, 2015 Share Posted July 19, 2015 lol. I bought a used copy of Perfect Dark from Blockbuster. It still has that blockbuster clear sticker over top of it. Link to comment Share on other sites More sharing options...
Grapefruits Posted July 19, 2015 Share Posted July 19, 2015 Wow! I did not know that happened. A free dating website being sold for over half a Billion. I wonder how long until buyers remorse sets in with that purchase. It won't. I'm sure the ad revenue alone makes in worth the price. On a side note, good for the guy that created POF. The only reason he created it from what I hear was to boost his resume. Link to comment Share on other sites More sharing options...
JoeyJoeJoeJr. Shabadoo Posted July 19, 2015 Share Posted July 19, 2015 Was Netflix online streaming in 2000? iirc didn't they use the mail to send and collect dvd's? I may be out to lunch on this one. Link to comment Share on other sites More sharing options...
Edlerberry Posted July 19, 2015 Share Posted July 19, 2015 Was Netflix online streaming in 2000? iirc didn't they use the mail to send and collect dvd's? I may be out to lunch on this one. lol you're correct Link to comment Share on other sites More sharing options...
falcon45ca Posted July 19, 2015 Share Posted July 19, 2015 Wow! I did not know that happened. A free dating website being sold for over half a Billion. I wonder how long until buyers remorse sets in with that purchase. Never? Google is free to use, as is Facebook...are those companies un-profitable? There are adverts everywhere, including POF...lots & lots of money still to be made. Link to comment Share on other sites More sharing options...
falcon45ca Posted July 19, 2015 Share Posted July 19, 2015 Was Netflix online streaming in 2000? iirc didn't they use the mail to send and collect dvd's? I may be out to lunch on this one. I may be wrong, but did video streaming even exist in 2000? I seem to recall the internet being a very slow place in 2000, youtube didn't even exist until '05 if I recall. Link to comment Share on other sites More sharing options...
John Tortorella Posted July 19, 2015 Share Posted July 19, 2015 Plenty of fish is a dating website. They likely have alot of peoples information. People like to buy and sell peoples persknal information to advertisers. Link to comment Share on other sites More sharing options...
Xbox Posted July 19, 2015 Share Posted July 19, 2015 I never had a Blockbuster anywhere near where I lived as a kid. We had something called Rogers Video. Link to comment Share on other sites More sharing options...
Papayas Posted July 19, 2015 Share Posted July 19, 2015 Netflix won't be the netflix we know today if blockbuster had bought it. They will just change Netflix's business model and it will die, just like block buster It's almost the same thing with prospects. Link to comment Share on other sites More sharing options...
Phil_314 Posted July 19, 2015 Share Posted July 19, 2015 Makes me think of these videos (the parts about Lucille Ball, The Beatles, Thomas Edison, Walt Disney, Albert Einstein and Oprah) But yeah, the Netflix GM must be like, joke's on you! Link to comment Share on other sites More sharing options...
peaches5 Posted July 19, 2015 Share Posted July 19, 2015 Worst.Business.Decision.ever..... (With maybe the exception of the whole AOL-Time Warner fiasco) Former Blockbuster CEO, John Antioco, turned down an offer to buy Netflix in 2000 for $50 Million. Of course the rest is history as Netflix went on to bankrupt and kill Blockbuster years later. Now Netflix is worth just shy of $33 Billion. I still remember racking up all of those crazy Blockbuster late fees from returning the VHS tapes and then DVD's past their due date. http://www.businessinsider.com/blockbuster-ceo-passed-up-chance-to-buy-netflix-for-50-million-2015-7 Yea but who would know if blockbuster would have turned it into what it is today. It's pretty unlikely. Link to comment Share on other sites More sharing options...
hatedkid666 Posted July 19, 2015 Share Posted July 19, 2015 C'est là vie Link to comment Share on other sites More sharing options...
Offensive Threat Posted July 19, 2015 Share Posted July 19, 2015 Was Netflix online streaming in 2000? iirc didn't they use the mail to send and collect dvd's? I may be out to lunch on this one. Today Netflix still has over 3 million US subscribers to its DVDs by mail service. They have been wanting to discontinue the service it but its just too profitable making almost $400 million dollars in 2014. Its kinda like how AOL still has over 2 million dial up internet customers in the US. Im sure theres a heavy overlap going on there. Link to comment Share on other sites More sharing options...
SabreFan1 Posted July 19, 2015 Author Share Posted July 19, 2015 Yea but who would know if blockbuster would have turned it into what it is today. It's pretty unlikely. Who knows? If they had brought Reed Hastings on board after the sale then Blockbuster would have become gigantic. Link to comment Share on other sites More sharing options...
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