Quote:
Originally Posted by RealSNR
They once had the opportunity to purchase Netflix and passed.
Bet that CEO wishes he had a goddamn time machine
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It's so much worse than that.
The could have bought Netflix for around 50 million and Blockbuster laughed Hastings out of the room. On top of that they had evidence that their business model was going down the tubes as early as 1997. Flash forward to 2004 and to compete with Netflix's mail service they were going to have to cut all late fees 200 million, and invest in digital infrastructure to stream which was going to cost another 200 million...and that's when Carl Ichan stepped in and utterly ruined the company.