Exactly. An up-and-coming brand is only as strong as it's future vision for it. Blockbuster could've bought Netflix without the vision for cornering the streaming service still would've tanked. Whoever within Netflix who had the vision for cornering streaming and took action on it is responsible for the success of the name, not the name itself. They could've sold the company and went and did the same thing under an entirely different brand.
Blockbuster is a macdonold style bussines.. they never going to buy netflix... i think the finiance section don't like them that why they used netfliex to pusht them out..
Blockbuster was first job at 17. I worked there 1997-99 before going to college. The best time to work was on weekends. Those were some great times. It was great helping customers pick out movies to rent and also video games. I never would have predicted 21 years later blockbuster would be just a memory.
I loved going into Blockbuster and searching for the perfect movie to watch. Roaming the isles looking at whatever movie cover caught my attention. Checking the games out and hoping I could get lucky and get my parents to rent one. Good times. Brings me back to the early 2000s. Gotta love the nostalgia.
Blockbuster was so awesome when I was a kid. Friday evening, we all get in the car, get a sweet new movie, popcorn and candy and then spend time together watching the movies, no cell phone distraction either. Simpler times.
Blockbuster was a sad story, indeed. Their demise could have been avoided. It boggles the mind to see GameStop, another Dallas/Fort Worth innovator heading down the exact same path.
I bet you the people that were in charge of Blockbuster really wish they acquired Netflix now. As Netflix is the biggest movie streaming service. And now they are so big they produce their own movies and TV series with wild success. Netflix is the dominant hand in the movie world.
Blockbuster was so much more fun than Netflix. Netflix is honestly boring. Blockbuster was like a mini-trip to Disney every time. Adults loved it too. I'm so over Netflix, if it went out of business today I wouldn't really miss it all that much.
If Blockbuster had bought Netflix the path of both brands would be different. Everyone assumes that if Blockbuster bought Netflix then they would enjoy the success that we see today. I see no possibility of these 2 CEOs working together long term. Netflix is successful so far in major part because of the culture that has come from the top down. The consumer tolerated doing business with Blockbuster but didn't particularly like them. The general public actually likes Netflix as an organization. They have made mistakes and handled them well as in the price hike and separating into two services. Netflix is also known for treating employees well. I just don't agree with the concept of Blockbuster buying Netflix would equal what exists today or better. Blockbuster would have prevented what society has, and thus the valuation.
I never liked Blockbuster. They were always considerably less friendly (in terms of policies) and more expensive than competitors. We had a Hollywood Video almost as close as BB with an equal selection, better prices and much better rental terms. At the end of the day, BB's problem was when their model started failing, instead of changing the model, they just made it bigger.
You're right. The loyalty level of Blockbuster is mediocre at best and stereotypically, customer service is usually a little better if there's a neighborhood video store.
“Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” ― Steve Jobs
I followed my heart and intuition 15 years ago and confidently advised my company (in which I was a head of dept, not an owner, thankfully), that webinars would never take off! 🙈🙈🙈🙈🙈🙈🤣🤣
I hate how videos like this are like "Why Blockbuster passed on acquiring Netflix" then the video starts "To understand this we must go back to the beginning of time".
OMG Slidebean, this is amazing how much quality content you create on a weekly basis. I got so much inspired from your Blockbuster video that I made my own version of Netflix video. In fact, I already uploaded more than 10 videos to my channel and would love your constructive feedback on them. Do you like it or is there anything I need to change??
Hey, I came late but managed to watch 90% of all of your vids I missed because of 2 things: great content and value (not the same, yeah). You are then doing a great job because as businesspeople, your job is, broadly, to deliver value, solutions to the problems. Congrats, you made it. I liked and subscribed. I have a question by the way: We will start our corporation through Stripe Atlas (see, when you deliver value, we, the people, do the ads for you) next week. but we face a problem which is everything related to the financial management and the tax forms filling. We would like to know whether you guys used a third-party services for that or managed to do it all by yourself at the early stage? I mean the bookkeeping, the job of the accountant and the tax forms filling. What about having a video on this for later too for others because for us, we have only 1 week to take a decision on this subject. Thank's to all the Slidebean team. You made it.
I like Slidebean videos usually, but this one really left out a bunch of important happenings from Blockbuster's demise and doesn't really explain their failings fully. It doesn't talk about the internal rivalry between CEO John Antioco and investor Carl Icahn, Blockbuster Online, dirty tricks of Shane Evangelist to spy on Netflix, etc. If someone is interested in that, the two podcasts "Business Wars" and "Land of the Giants" talk about the topic at great length.
Great content. I'm grown up during Blockbuster boom year and still remember that's experiences quite clearly. It's fun when you're a kid I supposed because I'm not the one has to return those movie.
Blockbuster was run by an group of old people stuck in their ways. I worked there in 2011 and they never moved past 1995. They only out lasted Hollywood Video because they had more money.
13:08 Blockbuster did have a online rental competitor. There was even a legend the Reed Hastings was mailed a kitchen sick because Blockbuster was throwing everything at them except the kitchen sink. The biggest blunder was when Carl Icahn (yes, that Carl) took over the boardroom, kicked out the previous CEO, and put a former 7-11 CEO in charge where he thought he can make Blockbuster a retail operation instead of a video rental operation.
I don’t know if this will get any attention, but Wayne Huizenga DID open a sort of theme park in Florida called Blockbuster Golf and Games. I know this because I went to it back in the early 90’s just before it closed. It was phenomenal, and the first time I experienced VR. More info about its closure... www.sun-sentinel.com/news/fl-xpm-2000-03-30-0003300120-story.html
@@slidebean Awesome. I just remembered another one: The Great Language Game. It was the website that had listening comprehension exercises for different languages, from your mainstream French, Arabic, and Japanese to the more unsung South Efate, Hausa, Maltese, and the like. The webpage began displaying error messages in 2015 or so. Would be interesting to find out if the concept is in limbo or is officially obsolete
Can you do one where you explain why fry's electronic failed while it seems like best buy is doing much better? What did they do different? What happened to fry's electronic? It seems like they're quietly getting ready to close down, but are denying it.
Blockbuster was purchased by Dish. This allows Dish to offer movies 7-10 days before someone like NetFlix can get the movies. This is a very old contract.
8:17 2004? Enron folded two years ago. Besides, they made that deal sometime in the summer of 2000, but was cancelled by next year. Eventually, it revealed one of the biggest corporate scandals of all time.
Not mentioned is Blockbuster's censorship. Blood and death and murder? Just fine. Boobs? Hell no, edit that out of their distribution copies... Or at least slap a "Parental Warning" sticker on the box.
Hey I wanted to say - I've watched a few of your videos and I noticed you don't pause very long between anything. Maybe you're reading and go straight from the header to the beginning of the first paragraph? There should be a pause in between the header and content. And subject changes. You could even skip trying to learn to really pause and just slap an animation with some copyleft audio in it where a pause should be. Otherwise - very informative videos. I had no idea blockbuster even had the chance to acquire netflix.
Hey man today I had just received ur giveaway t shirt in the post just wanted to thank you and the team❤️hope y’all are doing well🙌💯. Btw great video as usual💯🔥
Thank God they did, they would have ruined it. This is one of the big problems with our country and economy. Old school, established industry is allowed to simply buy out their competition. It should not be allowed.
I used to think that blockbuster should not have rejected netflix's offer cause they could have made millions but now i know that the rejection was the driving force behind netflix's success in the first place.
I worked there from 1997-99. This was my first job and still my favorite. It was great working on weekends because that was the most busiest time. It was great helping customers out by recommending movies and video games for kids. Even though I went on to a better career after college. This job will always have specific place in my heart😢.
Everyone acts like this was a huge mistake but Netflix is yet to turn a profit and faces ever increasing competition. Passing on Netflix might have been the smart choice. Netflix has a tough path to profitability.
Hmm... David Cook was a smart man, but maybe Blockbuster went bankrupt because they saw themselves as a video rental store chain and not as an on-demand video provider.
I like all your videos but I have one piece of advice...just slow down a little bit, you are speaking too fast. I am perfectly able to undestand you at that pace but still it would be nice if you would slowdown a little bit. Your viewers will get time to digest all that interesting information you are providing.
This was a very badly researched video. Blockbuster was creating their own livestreaming platform but they caught up in the Enron scandal. Blockbuster was adapting to industry. They didn't buy Netflix because they didn't need to, not because they didn't believe in online streaming.
“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw
If Blockbuster did own Netflix, Netflix may not be as successful under Blockbuster’s leadership.
That's so true.
Exactly. An up-and-coming brand is only as strong as it's future vision for it. Blockbuster could've bought Netflix without the vision for cornering the streaming service still would've tanked. Whoever within Netflix who had the vision for cornering streaming and took action on it is responsible for the success of the name, not the name itself. They could've sold the company and went and did the same thing under an entirely different brand.
Blockbuster is a macdonold style bussines.. they never going to buy netflix... i think the finiance section don't like them that why they used netfliex to pusht them out..
Blockbuster was first job at 17. I worked there 1997-99 before going to college. The best time to work was on weekends. Those were some great times. It was great helping customers pick out movies to rent and also video games. I never would have predicted 21 years later blockbuster would be just a memory.
You were one of the few employees that cared about the costumer back then.
I loved going into Blockbuster and searching for the perfect movie to watch. Roaming the isles looking at whatever movie cover caught my attention. Checking the games out and hoping I could get lucky and get my parents to rent one. Good times. Brings me back to the early 2000s. Gotta love the nostalgia.
Hey, that's my map at 5:56, I'm glad it came in useful!
Thank you! Your credit has been added to the video description!
It's still weird to me, that I can still remember going to Blockbuster in 2009. And now it's all gone and it's just Netflix or Google play movies.
Blockbuster was so awesome when I was a kid. Friday evening, we all get in the car, get a sweet new movie, popcorn and candy and then spend time together watching the movies, no cell phone distraction either. Simpler times.
Blockbuster was a sad story, indeed. Their demise could have been avoided. It boggles the
mind to see GameStop, another Dallas/Fort Worth innovator heading down the
exact same path.
your child who is just learning to walk and will someday take over this channel will be doing a story on the downfall of NETFLIX!
🤔
haha
@@slidebean haha
I would love to see forensic episode on UBER RUSH 🚴. Uber had high hopes with project.
Idea noted, thanks!
I still recall going to a BlockBuster when I was little. That location was a FamilyDollar last time I passed by it.
Ours is a Mexican restaurant
I hope this channel becomes big because I thoroughly enjoy your content.
We appreciate that! Thank you for supporting us!
I bet you the people that were in charge of Blockbuster really wish they acquired Netflix now. As Netflix is the biggest movie streaming service. And now they are so big they produce their own movies and TV series with wild success. Netflix is the dominant hand in the movie world.
Blockbuster was so much more fun than Netflix. Netflix is honestly boring. Blockbuster was like a mini-trip to Disney every time. Adults loved it too. I'm so over Netflix, if it went out of business today I wouldn't really miss it all that much.
Gracias te pide este hace mucho tiempo. 😂 ustedes son lo mejor Slidebean. Saludos y los quiero muchísimo desde Los Ángeles pura vida
Pura vida! 🙌
If Blockbuster had bought Netflix the path of both brands would be different. Everyone assumes that if Blockbuster bought Netflix then they would enjoy the success that we see today.
I see no possibility of these 2 CEOs working together long term. Netflix is successful so far in major part because of the culture that has come from the top down.
The consumer tolerated doing business with Blockbuster but didn't particularly like them. The general public actually likes Netflix as an organization. They have made mistakes and handled them well as in the price hike and separating into two services. Netflix is also known for treating employees well.
I just don't agree with the concept of Blockbuster buying Netflix would equal what exists today or better. Blockbuster would have prevented what society has, and thus the valuation.
Caya my favorite CEO and mentor
Thank you for watching and supporting!
👊🏽
I never liked Blockbuster. They were always considerably less friendly (in terms of policies) and more expensive than competitors. We had a Hollywood Video almost as close as BB with an equal selection, better prices and much better rental terms. At the end of the day, BB's problem was when their model started failing, instead of changing the model, they just made it bigger.
You're right. The loyalty level of Blockbuster is mediocre at best and stereotypically, customer service is usually a little better if there's a neighborhood video store.
“Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.”
― Steve Jobs
I followed my heart and intuition 15 years ago and confidently advised my company (in which I was a head of dept, not an owner, thankfully), that webinars would never take off! 🙈🙈🙈🙈🙈🙈🤣🤣
Slidebean makes the best company fornsics
Thank you!
I hate how videos like this are like "Why Blockbuster passed on acquiring Netflix" then the video starts "To understand this we must go back to the beginning of time".
Love seeing and creating content like this too 👍
Glad to hear it! Thanks!
I loved going to Blockbuster or Hollywood Video to rent wrestling PPVs tapes/dvds.
OMG Slidebean, this is amazing how much quality content you create on a weekly basis. I got so much inspired from your Blockbuster video that I made my own version of Netflix video. In fact, I already uploaded more than 10 videos to my channel and would love your constructive feedback on them. Do you like it or is there anything I need to change??
Hey,
I came late but managed to watch 90% of all of your vids I missed because of 2 things: great content and value (not the same, yeah). You are then doing a great job because as businesspeople, your job is, broadly, to deliver value, solutions to the problems.
Congrats, you made it. I liked and subscribed.
I have a question by the way: We will start our corporation through Stripe Atlas (see, when you deliver value, we, the people, do the ads for you) next week. but we face a problem which is everything related to the financial management and the tax forms filling. We would like to know whether you guys used a third-party services for that or managed to do it all by yourself at the early stage? I mean the bookkeeping, the job of the accountant and the tax forms filling. What about having a video on this for later too for others because for us, we have only 1 week to take a decision on this subject.
Thank's to all the Slidebean team. You made it.
Thanks for the sub and your feedback! Good remarks! Welcome to discuss with other founders or Caya on Discord slidebean.com/startup-cafe
I say Netflix dodged a bullet there.
I like Slidebean videos usually, but this one really left out a bunch of important happenings from Blockbuster's demise and doesn't really explain their failings fully.
It doesn't talk about the internal rivalry between CEO John Antioco and investor Carl Icahn, Blockbuster Online, dirty tricks of Shane Evangelist to spy on Netflix, etc. If someone is interested in that, the two podcasts "Business Wars" and "Land of the Giants" talk about the topic at great length.
All observations noted, thanks!
what accent do you have if you dont mind me asking? Canadian?
Great content. I'm grown up during Blockbuster boom year and still remember that's experiences quite clearly. It's fun when you're a kid I supposed because I'm not the one has to return those movie.
It so hard to get the right timing! 😬 Interesting video! 😄 I will absolutely check out the café! Thanks!
Hope you enjoy it!
@@slidebean startup.cafe/ It did not open, I am from India.. can you help
Saludos desde Puerto Rico 🇵🇷👊Love the content.
¡Saludos, Antonio! Gracias por tu apoyo :)
love how you post these once a week
That's the idea! Thanks!
Always here .
I wish I would be working with you guys ✌❤your passion and hard work my support will be always with you guys
#slidebean❤
Thanks!!! We appreciate it!!!
Blockbuster application was too difficult and the employees always have a bad attitude, Netflix won for good.
Blockbuster was run by an group of old people stuck in their ways. I worked there in 2011 and they never moved past 1995. They only out lasted Hollywood Video because they had more money.
13:08 Blockbuster did have a online rental competitor. There was even a legend the Reed Hastings was mailed a kitchen sick because Blockbuster was throwing everything at them except the kitchen sink.
The biggest blunder was when Carl Icahn (yes, that Carl) took over the boardroom, kicked out the previous CEO, and put a former 7-11 CEO in charge where he thought he can make Blockbuster a retail operation instead of a video rental operation.
I don’t know if this will get any attention, but Wayne Huizenga DID open a sort of theme park in Florida called Blockbuster Golf and Games. I know this because I went to it back in the early 90’s just before it closed. It was phenomenal, and the first time I experienced VR. More info about its closure... www.sun-sentinel.com/news/fl-xpm-2000-03-30-0003300120-story.html
I still have my Blockbuster card. My store was so bad, it's literally a number between 2 clear pieces of plastic.
Could you do forensic analyses of Napster, Limewire, and Shockwave Games? Thanks! 🙂
We will add it to our long list of ideas and maybe we will get to it in the future 😉
@@slidebean Awesome. I just remembered another one: The Great Language Game. It was the website that had listening comprehension exercises for different languages, from your mainstream French, Arabic, and Japanese to the more unsung South Efate, Hausa, Maltese, and the like. The webpage began displaying error messages in 2015 or so. Would be interesting to find out if the concept is in limbo or is officially obsolete
Can you do one where you explain why fry's electronic failed while it seems like best buy is doing much better? What did they do different? What happened to fry's electronic? It seems like they're quietly getting ready to close down, but are denying it.
Blockbuster was purchased by Dish. This allows Dish to offer movies 7-10 days before someone like NetFlix can get the movies. This is a very old contract.
Your content is so dope
Thanks!
8:17 2004? Enron folded two years ago. Besides, they made that deal sometime in the summer of 2000, but was cancelled by next year. Eventually, it revealed one of the biggest corporate scandals of all time.
Not mentioned is Blockbuster's censorship. Blood and death and murder? Just fine. Boobs? Hell no, edit that out of their distribution copies... Or at least slap a "Parental Warning" sticker on the box.
Number of employee 84,300 (2004)
25,000 (2010) 3 (2019) wow shit blockbuster
Hey I wanted to say - I've watched a few of your videos and I noticed you don't pause very long between anything. Maybe you're reading and go straight from the header to the beginning of the first paragraph? There should be a pause in between the header and content. And subject changes. You could even skip trying to learn to really pause and just slap an animation with some copyleft audio in it where a pause should be.
Otherwise - very informative videos. I had no idea blockbuster even had the chance to acquire netflix.
Hey man today I had just received ur giveaway t shirt in the post just wanted to thank you and the team❤️hope y’all are doing well🙌💯. Btw great video as usual💯🔥
Yaaaay! Glad you received it! Thank you for your feedback!
Just gonna leave my comment here so people know I was subscribed before this channel blew up.
Thank God they did, they would have ruined it. This is one of the big problems with our country and economy. Old school, established industry is allowed to simply buy out their competition. It should not be allowed.
Blockbuster: "Who the fuck wants to watch movies online? Get out of my office, Netflix!"
Also Blockbuster: "Wait, we actually did that?"
I used to think that blockbuster should not have rejected netflix's offer cause they could have made millions but now i know that the rejection was the driving force behind netflix's success in the first place.
Coca-Cola passed on Pepsi as well, so Blockbuster is not alone in such a business blunder.
Dear Slidebean, how can a Nigerian startup entrepreneur get access to the kind of investors & funding you highlight in your videos? #slidebean
They are quite a lot of angels seeds that fund startup in Africa in general
Good remark! Welcome to discuss with other founders or Caya on Discord slidebean.com/startup-cafe
@@slidebean Thank you very much
i was a former shift manager at blockbuster in 2006-2008. it was my favorite job 😢
I worked there from 1997-99. This was my first job and still my favorite. It was great working on weekends because that was the most busiest time. It was great helping customers out by recommending movies and video games for kids. Even though I went on to a better career after college. This job will always have specific place in my heart😢.
Everyone acts like this was a huge mistake but Netflix is yet to turn a profit and faces ever increasing competition. Passing on Netflix might have been the smart choice. Netflix has a tough path to profitability.
Biggest fucking mistake by Blockbuster. Couldn't change with the times.
Maybe it's be, but there was a lot of jumping around making it hard to understand and watch; Good information tho
Please do a video for NOKIA...
On the way! Stay tuned!
Can't wait!!...
Hmm... David Cook was a smart man, but maybe Blockbuster went bankrupt because they saw themselves as a video rental store chain and not as an on-demand video provider.
This always reminds me of Kodak... (obviously not the same case, but similarly stubborn companies)
Just in case you didn't watch it: czcams.com/video/5zwGyTOoxdE/video.html :)
@@slidebean great thanks, I've been watching your content almost daily but that one slip through
BAZINGA!
im sure the if they had buy Netflix back In the day, they would have had fck it up.
Awesome stuff :)
Thank you! Cheers!
Blockbuster?? That’s for the rich folks.
I was only allowed Family Video.
How VHS tapes was 5 dollars and DVDs were 7 bucks
I miss Hollywood video. They charged $1 a day for movie which is unheard of.
My guy is having trouble reading his cards
Slidebean my favorite
I like all your videos but I have one piece of advice...just slow down a little bit, you are speaking too fast. I am perfectly able to undestand you at that pace but still it would be nice if you would slowdown a little bit. Your viewers will get time to digest all that interesting information you are providing.
Blockbuster & Bone?
This was a very badly researched video. Blockbuster was creating their own livestreaming platform but they caught up in the Enron scandal. Blockbuster was adapting to industry. They didn't buy Netflix because they didn't need to, not because they didn't believe in online streaming.
Caya! Please do Snapchat!
Noted, thanks!
Old out of touch business leaders that don't understand new technology.
Its a story that runs unchanged through time.
Blockbuster CEO now is crying every night lol
What a bad example of CZcams "journalism"
Don't blink you might miss the whole reason you clicked this video
in short they didnt adapted themselves
4:00
“Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something.”
― Robert Heinlein
Now Netflix is the devil
13th
“The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.”
― George Bernard Shaw