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The final episode of the Netflix vs. Blockbuster series. Blockbuster files for bankruptcy in 2010. Reed Hastings transforms Netflix into a streaming giant. The last Blockbuster store becomes a museum piece in Bend, Oregon.
Canon
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Netflix's profitable DVD-by-mail business gave them the financial runway to experiment with streaming when the technology wasn't ready. Their 'lucky' early success in DVDs funded their transformation.
Highlights
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Blockbuster had the chance to buy Netflix for $50 million in 2000 and declined
Brown reveals the most expensive rejection in business history: Blockbuster CEO John Antioco was offered Netflix for $50 million and laughed Reed Hastings out of the room. Netflix is now worth $250+ billion.